Total Purchases And Total Net Purchases - Definition And Meaning In Accounting
Total Purchases is the sum of Cash Purchases and Credit Purchases whereas Total Net Purchases is the sum of Net Cash Purchases a nd Net Credit Purchases . Total Purchases Formula Total Purchases = Cash Purchases + Credit Purchases Total Net Purchases It is the sum of Net Cash Purchases a n d Net Credit Purchases. Total Net Purchases Formula Total Net Purchases = Net Cash Purchases + Net Credit Purchases Here Net Cash / Credit Purchases = Cash / Credit Purchases - Purchases Retur ns - Purchases Discou nts & Allowances.