Purchases Book - QS Study
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Purchases Book

Purchases book also known as Bought Day Book is used to record all credit purchases of goods which are intended for resale in the business. It is a record kept by a business of what it buys on credit each day. All credit purchases of goods are recorded in the purchase book. Cash purchases of goods, cash and credit purchases of assets are not entered in this book. So, Purchase book means a register/file, in which credit purchase of goods/stock are recorded.

Before discussing the Purchase Day Book, in detail we are to explain the most significant terms, Trade Discount and Cash Discount.

Advantages of Purchase Book

  • With this book, you can find, how much goods have been bought by you?
  • It also tells, how much many has to whom?
  • This book is also helpful to make final accounts.