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AE for Purchase of Goods

Which of the ...

Question

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

A

Goods bought on credit

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B

Goods bought for resale

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C

Goods paid for

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D

Items bought

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Solution

The correct option is B Goods bought for resale
Purchases can be best described as anything which has been bought for resale in the business.

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