The usual source for journal entries posted to the general ledger to record the purchase of inventory is
A)Sales invoices updated with cost data from the inventory records department.
B)Purchase invoices updated with cost data from the inventory records department.
C)Receiving reports updated with cost data from the accounts payable department.
D)Vouchers payable journal from the accounts payable department.

Question

Quizplus · Accepted Answer

The vouchers payable journal from the accounts payable department is typically used to record the purchase of inventory in the general ledger, as it includes all necessary details such as the amount payable and the corresponding accounts.

The Usual Source for Journal Entries Posted to the General