what is difference between purchases register and purchases books

what is difference between purchases register and purchases
books

Question Posted / dwivedi_hemant

2 Answers
7329 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what is difference between purchases register and purchases books..

purchase register and purchase books are more or less
similar but still difference is there purchase register is
used to maintain list of purchased items what ever we have
purchased that will be registered in the purchase register
this purchase register will helps at the time of year ending
to find out the outflow of the business.purchase books are
used to maintain the list of credit purchases if we
purchased for cash that will be entered in the cash books if
it is a credit purchase means that will be entered in the
purchase book.i hope i help you

Is This Answer Correct ?

21 Yes

2 No

what is difference between purchases register and purchases books..

Answer / nasir ayoubi

Purchase Register & Purchase Book it has some differences. Purchase register can be a paper that we record the purchased items by cash or credit it maintain our transactions (when we purchased,what we purchased etc.). and the last day of the year this paper will helps us to understand the types of purchase.Purchase book is used to record spread the list of credit purchased & Cash purchased.

Is This Answer Correct ?

1 Yes

2 No

Post New Answer

More Banking Finance Interview Questions

plz tell me who are known as underwriters? in simply words

3 Answers

What is the difference between Speculation and Investment?

5 Answers Bank Exams, TCS,

Which act allows the bank and financial institutions to auction the properties when borrower fails to repay the loans?

0 Answers

defferd revenue exp