Total of these transactions is posted in purchase account:
Explanation
Option B is correct. According to the textbook context, 'The monthly total of the purchases book is posted to the debit of purchases account in the ledger.' The purchases book records credit purchases of goods, and when combined with cash purchases recorded in the cash book, both cash and credit purchases are ultimately posted to the Purchases Account. Option A (furniture) is an asset purchase, not goods for trading. Option C (purchases return) has its own separate account - Purchases Return Account. Option D (stationery) is an expense, not trading goods.
Solution Steps
Step 1: Identify that the Purchases Book records credit purchases of trading goods as per the context showing entries from suppliers like Neema Electronics, Pawan Electronics.
Step 2: Understand that the total from purchases book is posted to the debit of Purchases Account.
Step 3: Recognize that cash purchases (from cash book) and credit purchases (from purchases book) both affect the Purchases Account.
Step 4: Eliminate other options - furniture is a fixed asset, purchases return has its own account, stationery is an expense item.