Question: What is the Bookkeeping entry to close off a purchase journal with a balancing figure of 360,000.00 EUR? 1. DR PUR 300,000.00 EUR; DR VAT

What is the Bookkeeping entry to close off a purchase journal with a balancing figure of 360,000.00 EUR?

1. DR PUR 300,000.00 EUR; DR VAT 60,000.00 EUR; CR C/B 360,000.00 EUR.

2. DR PUR 300,000.00 EUR; DR VAT 60,000.00 EUR; CR A/R 360,000.00 EUR.

3. DR A/R 360,000.00 EUR; CR PUR 300,000.00 EUR; CR VAT 60,000.00 EUR.

4. DR PUR 300,000.00 EUR; DR VAT 60,000.00 EUR; CR Purchase Journal 360,000.00 EUR.

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