All purchases of inventory are recorded:
A) only in a cash payments journal.
B) in the purchases journal.
C) only in the general journal.
D) directly in the ledger accounts.

Name: All purchases of inventory are recorded: A) only in a cash payments journal. B) in the purchases journal. C) only in the general journal. D) directly in the ledger accounts.
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Question

Quizplus · Accepted Answer

The purpose of the purchases journal is to record the purchase of inventory on credit only.

All Purchases of Inventory Are Recorded