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AE for Purchase of Goods

Purchase refe...

Question

Purchase refers to the buying of _________. Commerce

A

Stationary for office use

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B

Assets for factory

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C

Goods for resale

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D

Investment

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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)

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