Provide answers to the following accounting questions, including definitions and true/false clarifications.

Right is, let's go. Here are the answers to your accounting questions: 1. Purchases Ledger is a type of ledger where suppliers' accounts are kept. 2. The first distinction of transaction is called Journal (or Book of Original Entry). 3. Subsidiary books record all types of transaction. False (Subsidiary books record specific types of transactions, not all.) 4. Returns inwards record goods return by the business to the supplier. False (Returns inwards are goods returned to the business by customers. Goods returned by* the business to the supplier are Returns Outwards.) 5. Which of the following is a book of original entry? A. Debtors Ledger B. Ledger C. Journal D. Creditors Ledger The correct option is C. Journal. 6. Which of the following is not a classification of ledger? A. Sales Ledger B. Return Inwards C. General Ledger D. Private Ledger The correct option is B. Return Inwards. (Return Inwards is an account, not a type of ledger classification.) 7. Private Ledger is a ledger where drawing and capital accounts are kept. Send me the next one 📸