The cost of goods purchased after subtracting the credit balance for returns, discounts, and allowances from the debit balance in the purchase account.
Related information about net purchases:
- Accounting Principles I: Net Purchases and Goods Purchased
Net purchases is found by subtracting the credit balances in the purchases returns and allowances and purchases discounts accounts from the debit balance in ...
- Net Purchase: Definition from Answers.com
How do you calculate net purchases? ... How do you determine the amount of net purchases? ... What is the different between purchases to net purchases?
- What is net purchases? - BusinessDictionary.com
Definition of net purchases: Items purchased less allowances, discounts, and returns.
- What is net purchases? definition and meaning - InvestorWords.com
Definition of net purchases: The cost of goods purchased after subtracting the credit balance for returns, discounts, and allowances from the debit balance in the ...
- net purchases definition | AccountingCoach.com
The gross purchases of merchandise for resale minus purchase returns, purchase allowances, and purchase discounts.
- Trading Account :: Net Purchases/Sales = Purchase/Sales Less ...
Detailed explanation about how the purchase returns and the sales returns accounts are handled in the trading account to derive the net purchases and net ...
- Net purchases - Accounting Dictionary | Simplestudies.com
Net purchases are gross purchases less purchase discounts and purchase returns and allowances plus transportation-in (freight-in) cost...
- Principles of Accounting: Chapter Five
Beginning inventory plus net purchases equals: ... Net purchases equals gross purchases plus freight-in minus purchase discounts and purchase returns and ...