In accounting context, purchases refer to

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Accounts - Principles of Accounts WAEC 2016

In accounting context, purchases refer to

  • Goods bought and paid only
  • Goods bought for resale only checkmark
  • Goods bought on credit only
  • Goods bought to be used in the firm

The correct answer is: B

Explanation

Purchase are goods or stocks bought for the purpose of resselling.

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