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Who was the Confederate agent stationed in England whose bold purchases of ships and war materials made him indispensable to the Confederacy?
The Southern representative in England was James Mason.
ANSWER
James Dunwoody Bulloch was the Confederate purchasing agent in Great Britain. He stationed in Liverpool as an agent for Fraser, Trenholm and Co.
When the Civil War broke out, he offered his services to the Confederate Government as a procurement agent in Great Britain.
Covered by his official activity, he bought and sold Confederate cotton for British textile industries. He employed the hard currency realized buying all kinds of badly needed war materials and then shipping them on British osten- sibly neutral ships or other carriers ready to run the blockade.
Furthermore he managed, as "man behind" to buy steamships, which were then converted into warships and employed for preying purposes against the US merchant fleet.
What else can I help you with?
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Indirect materials definition?
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debit purchasescredit accounts payable*For purchases (supplies, office materials, etc.) on accountPurchases xxAccounts Payable xx*During payment of purchases on accountAccounts Payable xxPurchases xxNOTE: Journal entries depends on the accounts involved, like: Taxes, discounts and other stuffs. ^^
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1. Net purchases +? = cost of goods purchased 2. Net purchases = ? + ? = purchases
What is the formula to calculate net purchases?
1. Net purchases +? = cost of goods purchased 2. Net purchases = ? + ? = purchases
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