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What is the meaning of purchase journal?

Harper Perez | 2023-05-05 03:37:28 | page views：1402
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Julian Turner

Works at the International Development Association, Lives in Washington, D.C., USA.
A purchases journal is a specialized type of accounting log that keeps track of orders made by a business on credit or on account. Cash purchases for inventory are not tracked in the purchases journal. The amount of detail provided in a purchases journal is determined by the type of purchase and products received.
2023-05-12 03:37:28
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Gabriel Wilson

QuesHub.com delivers expert answers and knowledge to you.
A purchases journal is a specialized type of accounting log that keeps track of orders made by a business on credit or on account. Cash purchases for inventory are not tracked in the purchases journal. The amount of detail provided in a purchases journal is determined by the type of purchase and products received.
Purchases Journal: Definition & Example - Video & Lesson Transcript ...
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