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Debit Purchases Credit Cash
Credit purchases are shown in income statement as a part of total purchases.
credit purchases are goods that you buy on credit and and pay little by little to pay to the person you owen.
[Debit] Purchases account [Credit] Accounts Payable
credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for
Purchases are personal account nature and as a basic accounting rule debit what comes in and credit what goes out so purchases has debit balance as normal balance.
[Debit] Purchases [Credit] Accounts payable
Businesses are free to add a surcharge for purchases made by credit or debit cards.
No, free iTunes purchases will never appear on your credit card bill.
Debit Purchases and Credit Supplier.
Yes.Most purchases are on credit and are therefore current liabilities
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