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How to calculate net purchases
03-04-2006, 05:43 PM,
#1
How to calculate net purchases
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??
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03-05-2006, 12:36 AM,
#2
 
Checkmated

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

Angootha Chaap P
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03-05-2006, 09:36 PM,
#3
 
Freight is a seperate account. this should be included while purchasing of an asset

Imran
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