Accountancy, asked by maharharshit92, 8 months ago

purchase refer to buying of goods for​

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Answered by piyushsaini552
2

Answer:

In accounting, purchases is the amount of goods a company bought throughout this year. It also refers to information as to the kind, quality, quantity, and cost of goods bought that should be maintained. They are added to inventory. Purchases are offset by purchase discounts and Purchase Returns and Allowances

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