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 How to calculate net purchases
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Checkmated
Unregistered Trainee

14 Posts

Posted - Mar 04 2006 :  12:43:47 PM  Show Profile
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??

Shahbaz
Semi Senior

Pakistan
293 Posts

Posted - Mar 04 2006 :  7:36:01 PM  Show Profile
Checkmated

Purchases
Add: Frieght
Less: Purchase Discounts
Purchase Returns & Allowance
------------------------------------
Net Purchases

Angootha Chaap :P
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shahzada
Unregistered Trainee

Pakistan
31 Posts

Posted - Mar 05 2006 :  4:36:12 PM  Show Profile
Freight is a seperate account. this should be included while purchasing of an asset

Imran
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