Purchases Account

Business, Legal & Accounting Glossary

Definition: Purchases Account


Quick Summary of Purchases Account


An account in which all inventory purchases are recorded; used with the periodic inventory method.



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/purchases-account/
Modern Language Association (MLA):
Purchases Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 04, 2020 https://payrollheaven.com/define/purchases-account/.
Chicago Manual of Style (CMS):
Purchases Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/purchases-account/ (accessed: December 04, 2020).
American Psychological Association (APA):
Purchases Account. PayrollHeaven.com. Retrieved December 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/purchases-account/

Definition Sources


Definitions for Purchases Account 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: 9th April, 2020 | 0 Views.