Entries in the purchase journal are transferred to the .............
Answer Details
Entries in the purchase journal are transferred to the payable ledger.
A purchase journal, also known as a purchases book, is a record of all the purchases made by a business. It is used to keep track of the details of the purchases, such as the date, supplier, and amount.
The payable ledger is a record of all the amounts owed by the business to its suppliers. It is used to keep track of the details of the debts, such as the amount owed, due date, and terms of payment.
The entries in the purchase journal are transferred to the payable ledger to update the record of the business's debts to its suppliers. This transfer helps ensure that the business has an accurate record of its finances and helps to ensure that it can pay its debts on time.