Which one of the following is not a function of the purchase day book?
A) To record purchases of goods and services each day.
B) To maintain the book of prime entry for purchases of goods and services.
C) To record the total amount, the net goods and services cost and the VAT amount on each purchase invoice.
D) To record the amounts due to each individual supplier.
Correct Answer:
Verified
Q6: Purchase invoices show the value of goods
Q7: The petty cash book is a book
Q8: Books of prime entry:
Please select all that
Q9: Which one of the following is not
Q10: Cash payments in the cash book:
Please select
Q12: Cash receipts in the cash book represent
Q13: Which one of the following would not
Q14: An entity's payroll system calculates two expenses,
Q15: Credit notes from suppliers in the purchase
Q16: Debit trade receivables, Credit sales, Credit VAT
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