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credit purchases are goods that you buy on credit and and pay little by little to pay to the person you owen.

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13y ago

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What is entry of credit and cash purchases?

Debit Purchases Credit Cash


Where do you find credit purchases in financial statements?

Credit purchases are shown in income statement as a part of total purchases.


Can I use my credit card in Italy for purchases and transactions"?

Yes, you can use your credit card in Italy for purchases and transactions.


Can you use a credit card in Canada for purchases and transactions?

Yes, you can use a credit card in Canada for purchases and transactions.


Can I use Lowe's in-store credit for online purchases?

Yes, you can use Lowe's in-store credit for online purchases on their website.


Can I use Lowe's store credit for online purchases?

Yes, you can use Lowe's store credit for online purchases on their website.


What is the journal entry of credit purchase?

[Debit] Purchases account [Credit] Accounts Payable


Is purchases a credit or debit?

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.


Is it illegal to charge customers for credit card purchases?

Businesses are free to add a surcharge for purchases made by credit or debit cards.


What is the journl entry for puchasing goods on account?

[Debit] Purchases [Credit] Accounts payable


Do free iTunes purchases appear on the credit card bill?

No, free iTunes purchases will never appear on your credit card bill.


Can I use my Visa credit card in Canada for purchases and transactions?

Yes, you can use your Visa credit card in Canada for purchases and transactions.