Question

Explain the term purchases and sales.​

Answer 1

Purchase and sale

A method of securities distribution in which a firm purchases securities from the issuer for its own account at a stated price and then resells them, as contrasted with a best-efforts sale.

Answer 2

The sales function involves businesses selling goods and services to customers and clients. It includes raising invoices and generates incomes. The purchases function is when businesses buy goods and services from suppliers.

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