Question

What is a purchase account

Answer 1

Answer:

Purchase account is a general ledger account in which is recorded the inventory purchases of a business. This account is used to calculate the amount of inventory available to sale in a periodic inventory system.

Hope it will help you

Pls mark me as brainlist.

Answer 2

Hey mate!!

The purchases account is a general ledger account in which is recorded the inventory purchases of a business. This account is used to calculate the amount of inventory available for sale in a periodic inventory system.

Hope it helps u...