Accountancy Forum

Im a new comer, i want a bit help. Plz can u tell me how to calculate the net purchases.

Purchases - purchases return = net purchases

or

Purchases - purchases return + freight = net purchases.

freight will be added or not??

hi
No freight is not included.
ur first option is right.
freight is included in calculation of cost of goods sold.
Purchases are at the value at which they are bought 4om supliers.n valued at the bill.so net purchases = puchases less returns.

hey,
don't forget the purchase discount.

Salam ALL
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