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ACCA Applied Knowledge · Financial Accounting · Double-entry bookkeeping principles including the maintenance of accounting records

Which of the following is a book of prime entry that records a business's credit purchases of goods for resale, based on suppliers' invoices received?

The purchases day book is the book of prime entry for credit purchase invoices received from suppliers. Invoices are listed there before posting to ledgers. The sales day book deals with credit sales, and the control account is a ledger account.

  1. APurchases day bookCorrect
  2. BSales day book
  3. CPetty cash book
  4. DPurchases ledger control account

Explanation

Credit purchase invoices are first listed in the purchases day book, a book of prime entry. The sales day book records credit sales. The petty cash book records small cash payments. The purchases ledger control account is part of the general ledger, not a book of prime entry.

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