InterviewSolution
 Saved Bookmarks
    				| 1. | 
                                    What types of transactions are recorded in a purchase book  | 
                            
| 
                                   
Answer»  tion:The purchase book is also KNOWN as Purchase JOURNAL, Bought Book, Purchase Day Book or INVOICE Book. This book is recorded with CREDIT purchases of goods, MEANT for resale. Cash purchases are not recorded in this book.  | 
                            |