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. Which one of the following is the correct double entry to record purchase day book credit purchases in an entity's books of account?

Debit Expense accounts, Credit Trade payables control account correct incorrect

Debit Trade payables control account, Credit Expense accounts, Credit VAT correct incorrect

Debit Expense accounts, Debit VAT, Credit Trade payables control account correct incorrect

Debit Expense accounts, Credit VAT, Credit Trade payables control account correct incorrect

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. Which one of the following statements is not true?

VAT on purchase invoices does not represent expenditure. correct incorrect

Trade payables are an asset. correct incorrect

Purchases represent expenditure. correct incorrect

A purchase invoice for goods bought on credit represents a liability. correct incorrect

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. The total column of the purchase day book for June shows a total of £144,000. This amount includes VAT at the rate of 20% on the value of goods and services supplied. Which of the following is the correct double entry to record purchases for June in the books of account?

Debit Trade payables control account £144,000, Credit VAT £24,000, Credit Expense accounts £120,000 correct incorrect

Debit Trade payables control account £172,800, Credit VAT £28,800, Credit Expense accounts £144,000 correct incorrect

Debit Expense accounts £144,000, Debit VAT £28,800, Credit Trade payables control account £172,800 correct incorrect

Debit Expense accounts £120,000, Debit VAT £24,000, Credit Trade payables control account £144,000 correct incorrect

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