Which of the following is a column of a purchases journal?
A)Cost of Goods Sold CR
B)Accounts Payable CR
C)Sales Revenue DR
D)Interest Revenue CR

Question

Quizplus · Accepted Answer

A purchases journal is used to record all purchases made on credit. Therefore, the column for Accounts Payable CR would be a part of the purchases journal as it is the account that is credited when making purchases on credit. The other options listed are not typically found in a purchases journal.

Which of the Following Is a Column of a Purchases