To which account is the periodic total from the purchase day book transferred?

Choose the correct answer

Explanation

The total amount recorded in the purchase day book, which logs all credit purchases, is periodically posted to the Purchases account. This account reflects the overall purchase expenses incurred on credit. Other accounts like the purchase register or cash purchase account are not used for posting the total from the purchase day book.

To which account is the periodic total from the purc… — Accounting Mcqs | PakQuizHub