Net Purchases

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Definition: Net Purchases

Net Purchases
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Full Definition of Net Purchases

The cost of goods purchased after subtracting the credit balance for returns, discounts, and allowances from the debit balance in the purchase account.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/net-purchases/
Modern Language Association (MLA):
Net Purchases. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/net-purchases/.
Chicago Manual of Style (CMS):
Net Purchases. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/net-purchases/ (accessed: April 16, 2024).
American Psychological Association (APA):
Net Purchases. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/net-purchases/

Definition Sources

Definitions for Net Purchases are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.