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Which of the following best describes the meaning of ‘Purchases’?

a.Goods paid for, b.Goods bought for resale, c.Items bought, d.Goods bought on credit.

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تم إضافة السؤال من قبل Anil Lalwani , Chief Accountant , Al Ahli Hospital
تاريخ النشر: 2016/10/16
Shameer Nazir Madari
من قبل Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

Purchasing refers to a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise. Though there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations.

 

As per definition of purchasing all of the given options will be best described as purchases so all of the given options are purchases

a.Goods paid for

b.Goods bought for resale

c.Items bought

d.Goods bought on credit.

 

ahmed safwat
من قبل ahmed safwat , مراجع داخلى , جمعية رجال اعمال اسيوط - المشروع الطبى

purchases:  d.Goods bought on credit

 

 

mohamed Hakim CMA CPA Candidate
من قبل mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

thanks for invitation

 

i can say purchases to all  these items  

a.Goods paid for, b.Goods bought for resale, c.Items bought, d.Goods bought on credit.

 

all Purchases

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