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Goods bought on credit are first entered in the

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Accounts - Principles of Accounts JAMB 2024

Goods bought on credit are first entered in the

  • cash book
  • journal proper
  • sales day book
  • purchases day book checkmark

The correct answer is: D

Explanation

The purchases day book is a subsidiary book specifically designed to record all credit purchases made by a company. It chronologically logs details like the date, supplier name, invoice number, description of goods, and amount of the purchase. This information is then summarized and posted to the purchases account in the genera ledger at the end of the accounting period.

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