A credit of $540 000, including 10% GST, was posted to the accounts payable control account on the last day of the month. From which special journal would this posting most likely have come?

Question

Quizplus · Accepted Answer

The posting of a credit to the accounts payable control account indicates that a purchase has been made on credit. Therefore, the most likely special journal for this posting is the purchases journal.

A Credit of $540 000, Including 10% GST, Was Posted