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Sources must be rotated for purchases of continuing requirements

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15y ago

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Is purchases and accounts payable the same?

If purchases are made on credit then accounts payable are created on the other hand if purchases are made on cash then there is no accounts payable created so both of these are not same but interrelated.


Purchases may be made from the same vendor without rotating your sources?

False


Is net purchases the same as purchases?

Net purchases are not the same as purchases. Purchases refer to the total amount of goods or services acquired by a company during a specific period, while net purchases take into account any returns, discounts, or allowances that may have been deducted from the total purchases. In other words, net purchases represent the final amount paid for goods or services after adjusting for any deductions.


Is it correct to say do the purchases the same way you say do the shopping?

That is not quite correct. We do the shopping, but we make the purchases.


Why doesn't Steam charge tax on purchases?

Steam does not charge tax on purchases because they are not legally required to do so in many states and countries. This is because digital goods like video games are often not subject to the same tax laws as physical goods.


How often should the same source be cited in APA format?

In APA format, it is recommended to cite the same source every time you use information from it in your writing to give proper credit to the original author.


How can you use incision and divulge in the same sentence?

The doctor made an incision in the patient's arm to divulge the source of the infection.


Are source program and source code the same?

Yes.


Do I have to pay for a car loan if the car isn't mine?

Auto loans are used for purchasing a vehicle of any kind. The loan is taken out by the person who purchases the car, and therefore the official payment is made by the same person.


What combination results when a corporation purchases other corporations that don't produce the same types of goods?

Conglomerates


What is the journal entry for Milk purchased by issuing cheque?

The journal entry for milk purchased by issuing a cheque would be recorded as follows: Debit: Milk Inventory (or Purchases) account for the amount of the purchase Credit: Bank (or Cash) account for the same amount This entry reflects the increase in inventory (or purchases) and the decrease in cash due to the payment made via cheque.


What are the benefits of using same as cash credit cards for making purchases?

Same as cash credit cards offer benefits such as interest-free financing for a specific period, helping you spread out payments without incurring interest charges. This can be useful for managing large purchases and budgeting effectively.