Purchases journals will have an Other Accounts Cr. column.

Name: Purchases journals will have an Other Accounts Cr. column.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Purchases journals typically record transactions specifically related to the purchase of inventory on credit, and thus, they primarily include columns for supplier (creditor) details and amounts, not an "Other Accounts Cr." column. This type of column is more common in general journals where a wider variety of transactions are recorded.

Purchases Journals Will Have an Other Accounts Cr. Column