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How do you start a company that purchases stock in other companies?
You can incorporate a business under your own name (ar any chosen name not belonging to another company), or even buy stock in other companies as an individual investor (just on you own!).
When a business owner purchases a license that gives them the right yo use the name and business practices of a company this individual owns a?
Franchise
What auctions are the most common auction model for large purchases?
auctions are the most common auction model for large purchases
What is another name for a check card?
Researching to find another name for check card has not lead to any conclusive results. It is believed that another name for a check card would be a debit card as it is used to pay for purchases and the money is removed from one's account.
What is another name for the category other?
Another name for a category entitled other, is miscellaneous.
Is the purchases returns included in the calculation of cost of sales?
Yes purchase returns are deducted from purchases to calculate the net amount of purchases and that's why included in cost of sales.
What do you debit and credit for purchase returns?
Debit the supplier Credit the Purchases Returns account
What is the other name of carriage on purchases?
postage
Journal entry for purchase returns?
Debit cash / bank / accounts payableCredit purchases returns
What is the journal entry for purchases returns of inventory?
Debit accounts payable / bankCredit purchase returns
What type of account is Purchases returns and allowances?
A contra purchase account
Is purchases returns a debit or credit balance?
It's a credit - if a company buys something - then returns it, they get credited with the money they have spent.
Formula for cost of goods available for sale?
purchases+purchases discounts+sales returns and allowances+frieght charges+ begining inventory
What are other names for credit purchases on an income statement?
what are other name for credit purchase
What is the journal entry for purchase returns?
[Debit] Purchase Return [Credit] Purchases
How is the net delivered cost of purchases computed?
To calculate the net delivered cost of purchase, one would add purchases and freight in and then deduct purchase returns & allowances and then deduct purchase discounts.
What is purchase returns?
When some purchased supplies are returned back to suppliers due to some problem in supplies or due to any defect these returns are charged to purchase returns account and reduction in actual purchases.
