wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Purchase refers to the buying of _________. Commerce


A

Stationary for office use

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Assets for factory

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Goods for resale

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D

Investment

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C

Goods for resale


The term purchases are used for buying of goods for resale or for use in the manufacturing process. The term purchases included both cash and credit purchase of goods. Hence, the correct answer is option (c)


flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Accounting Equation 1
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon