Accountancy Forum

Full Version: How to calculate net purchases
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
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


Purchases - purchases return + freight = net purchases.

freight will be added or not??
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 net purchases = puchases less returns.
don't forget the purchase discount.
Salam ALL
i want to know something about karachi university's new programme named Masters in Economics and Finance(MEF). i want to know following
* Syllabus
* Scope
* Globally accepted or not
* Expected job positions
* Reputation

So please tell me something about that.[)]
Reference URL's