Write differences between purchases(purchase of goods) and purchase of fixed assetes.
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However, in accounting, we have to differentiate between purchases as above and other purchases such as those involving the procurement of a fixed assets . As purchase results in increase in the expense and decrease in assets of the entity. In case of purchase of goods, purchase is generally said to occur when the .
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However, in accounting, we have to differentiate between purchases as above and other purchases such as those involving the procurement of a fixed assets . As purchase results in increase in the expense and decrease in assets of the entity. In case of purchase of goods, purchase is generally said to occur when the .
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