--%>

Define Purchase return

Describe the term Purchase return with suitable example?

E

Expert

Verified

Purchase return signifies the return of goods that is received by businessman due to any fault/mistake in goods.

Assume that, you have bought 10 computers for selling. However when there is fault in one computer and you return this to your supplier, then this will be purchase return.

   Related Questions in Financial Accounting

  • Q : Drawback of Electronic Funds Transfer

    What are the drawback of Electronic Funds Transfer?

  • Q : Asset-allocation funds Mutual funds

    Mutual funds that hold both bonds and stocks. Some asset-allocation funds follow specified allocation percentages and others take advantage of current condition. Those that take advantage of current condition is higher risk, because the fund manager tries to adjust the allocations to take advanta

  • Q : Capitalization Method for Goodwill

    Capitalization Method: (Goodwill method): In this technique capitalized value of the firm is computed on the basis of normal rate of return. Difference between the capitalized value and real capital employed is termed as goodwill.

  • Q : Economic exposure How economic exposure

    How economic exposure can be defined in order to exchange the risk?

  • Q : Interest rate Give me answer of this

    Give me answer of this question. The prime interest rate usually: A) rises when the Federal funds rate rises. B) rises when the discount rate falls. C) falls when the Federal funds rate rises. D) falls when the Fed sells bonds in the open market

  • Q : Foreign subsidiary conforming norm of

    Specify some conditions under which you would suggest that foreign subsidiary conforms to local norm of the financial structure?

  • Q : Explain Control of Cash Explain Control

    Explain Control of Cash. Illustrate briefly.

  • Q : Describe Short Holding Period Describe

    Describe Short Holding Period briefly with suitable example?

  • Q : Evaluate the impact of a recent

    A 2000 word essay (maximum allowed 2,200) Accessing Learning Outcomes: Knowledge 1 and 2 Skills 1, 2, 3 and 5                 "Evaluate the impact of a recent healthcare initiative on nursing practice".<

  • Q : Explain Discount Briefly explain the

    Briefly explain the term Discount and also describe their important types?