• Source: Purchase journal

A purchase journal is an

accounting journal and it is also a prime entry book/daybook/main entry book which is used in an accounting system to keep track of the orders of items placed using accounts payable.

Simply a purchase journal can be defined as the main entry book which is used to record credit transactions (credit purchases) for resalable purposes.
The Source document which is used as an evidence in recording transactions into purchase journal is Purchase invoice/invoice received/original invoice
Credit purchase of current assets/Non current assets are not considered when recording in Purchase journal.




Double entry related to credit purchase for resalable purpose


Purchase a/c Debit
Creditors a/c Credit




See also


Sales journal
General journal
Bookkeeping
Special journals




References

Kata Kunci Pencarian:

• Amerika Serikat
• Perilaku konsumen
• ANGI Homeservices
• Bob Foster (akademisi)
• Loyalitas merek
• Ota Benga
• Pembelian impulsif
• WhatsApp
• Community Health Systems
• Transaksi mikro (aplikasi)
• Purchase journal
• Purchase returns journal
• Louisiana Purchase
• Special journals
• General journal
• Impulse purchase
• Purchasing power parity
• Purchase, New York
• Accounting software
• State University of New York at Purchase