Purchases Account

Business, Legal & Accounting Glossary

Definition: Purchases Account

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
Modern Language Association (MLA):
Purchases Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 08, 2022 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 08, 2022).
American Psychological Association (APA):
Purchases Account. PayrollHeaven.com. Retrieved December 08, 2022
, 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.