Entries in the purchase journal are transferred to the .....
Entries in the purchase journal are transferred to the .............
Receivable ledger
Payable ledger
General ledger
Private ledger
Correct answer is B
The purchase journal records all credit purchases. All the entries are then moved to the accounts payable.
Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for.
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