explain in brief about the purchases account
Explain in brief about the purchases account
keeps a record of cost of merchandise purchased for resale during an accounting period.
Assets are recorded as assets-not purchases.
Expected delivery within 24 Hours
state about the trade discountspercentage reduction from list price of the merchandise these arent recorded in the accounting records of the seller
enumerate the term- cash discountsoffered to encourage prompt and early payment by buyer cash discounts are recorded in accounting records of both
how to figure the discount using calculator1 be sure that decimal selector is on 2 decimal places2 key in amount of the sale3 multiply by
explain about the recording purchasessource document for recording a purchase of merchandise is purchase invoiceo an instance of a transaction of
explain in brief about the purchases account keeps a record of cost of merchandise purchased for resale during an accounting periodassets are
what is uses of purchases journal purchases journal special journal used to record only credit purchases of merchandise-may be only one column which
accounts payable subsidiary ledgeraccounts are designed to show balance owed to every creditor liability accounts generally have credit balances
what is merchandise returns a return is when a customer returns to the seller part or all items purchased an allowance occurs when seller grants a
state the term- purchases returns and allowancespurchases returns and allowances is the name of the account which provides better control of
1928100
Questions Asked
3,689
Active Tutors
1437207
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
A 2016 survey of undergraduate students considered this further and found that compared with students that did not use cannabis at least once
Problem: An infant with known congenital heart disease presents with weight loss, tachypnea, and hepatomegaly.
For a research topic on evaluating the access to health services for commercial sex workers as a mixed method approach provide the methodology
The healthcare provider ordered a urine culture for a client. Which item would a nurse need for a urine specimen collection from an existing indwelling
The nurse practitioner (NP) evaluates a client with complaints of a burning sensation in the chest that often occurs after meals and is exacerbated
I am writing a dissertation topic on the utility of community based interventions in post exposure support to survivors of IPV in uMzingwane district
A 12-month-old child presents with fever of 100.9, lethargy, vomiting and tachypnea. The history is significant for recent hand-foot-mouth disease infection.