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

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.