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Difference between purchase book and purchase account? |
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Answer» Purchase book is the part of journal whereas purchases account is the part of ledger.... Purchase book:\tPurchase book is a subdivision of a journal which is not divided into credit or debt limits.\tIt contains the information about the credit purchases to the debit side of the purchase account.Purchase account:\tA purchase account is a ledger part that is divided into the credit and debt.\tThe purchase account will have all the information about the purchases of goods. Purchase book are also known as purchase book purchase account are also known as purchase account |
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