Overcasting of Purchases Journal would affect

a) Sales Account only

b) Purchases Account only

c) Supplier’s Account and Purchases Account

d) Sales Account and Purchases Account

Details of Mcqs: 

A purchases journal is a special journal used to record any merchandise purchased on account. The entries in this journal are made based on the invoice received from the supplier on the purchase date. Other names used for the purchases journal are the purchases book, purchases daybook, and the credit purchases journal.