Question Tag: Resale

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FA – May 2016 – L1 – SA – Q14 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

A question regarding the meaning of purchases in accounting.

Purchases in accounting refer to goods bought for:
A. Repairs
B. Owners’ use
C. Resale
D. Office use
E. Permanent use

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FA – May 2016 – L1 – SA – Q14 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

A question regarding the meaning of purchases in accounting.

Purchases in accounting refer to goods bought for:
A. Repairs
B. Owners’ use
C. Resale
D. Office use
E. Permanent use

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

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