Purchase journal

Not to be confused with purchase ledger, a different system in accounting.

A purchase journal is an

accounting journal and it is also a prime entry book/daybook/main entry book which is used in an accounting system to keep track of the orders of items placed using accounts payable.[1]

Simply a purchase journal can be defined as the main entry book which is used to record credit transactions (credit purchases) for resalable purposes.^[2]

The Source document which is used as an evidence in recording transactions into purchase journal is Purchase invoice/invoice received/original invoice

Credit purchase of current assets/Non current assets are not considered when recording in Purchase journal.

Double entry related to credit purchase for resalable purpose

• Purchase a/c Debit
• Creditors a/c Credit

See also

• Sales journal
• General journal
• Bookkeeping
• Special journals