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  • What Is The Formula in Computing Purchases Under Cash Basis

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    JAHNHANNALEI MARTICIO
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    Cash purchases plus payments to trade creditors is the formula for computing purchases under the cash basis. This formula involves adding cash purchases and any payments made to trade creditors during an accounting period to determine total purchases. The cash basis recognizes purchases when payment is made rather than when the purchase is made or when an invoice is received.

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    What is the Formula in Computing Purchases Under Cash Basis

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    Cash purchases plus payments to trade creditors is the formula for computing purchases under the cash basis. This formula involves adding cash purchases and any payments made to trade creditors during an accounting period to determine total purchases. The cash basis recognizes purchases when payment is made rather than when the purchase is made or when an invoice is received.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    20 views1 page

    What Is The Formula in Computing Purchases Under Cash Basis

    Uploaded by

    JAHNHANNALEI MARTICIO
    Cash purchases plus payments to trade creditors is the formula for computing purchases under the cash basis. This formula involves adding cash purchases and any payments made to trade creditors during an accounting period to determine total purchases. The cash basis recognizes purchases when payment is made rather than when the purchase is made or when an invoice is received.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    5. What is the formula in computing purchases under cash basis?

    Cash purchases plus payments to trade creditors

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