Purchase invoice is first entered in the?

A. Purchases Account
B. Cash Book
C. Sales Journal
D. Purchases Journal

Correct Answer: Option A

A. Purchases Account

Explanation

Purchases account: The purchases account is a general ledger account in which is recorded the inventory purchases of a business. This account is used to calculate the amount of inventory available for sale in a periodic inventory system.

Purchase journal is used for recording goods bought on credit