基础会计(英文版)(第二版)Chapter06_Purchases_and_Purchases_Journal教材教学课件.pptVIP

Chapter 6 Purchases and Purchases Journal Purchase The purchase of merchandise for resale is recorded in an account called Purchases Purchases account: an expense account and thus is placed under Expense Purchase Accounts Purchasing Procedures and Internal Control of Purchases Submit a purchase requisition Strict internal control policy Four measures are usually adopted to control the purchases of goods. The Purchases Journal Record the purchases of merchandise on account only. Cash Discount/Purchases Discount/Sales Discount A deduction from the invoice price granted to induce early pay