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what is mean by debit purchase
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Answer / mohd bilal
debit purchase means that we purchase it or the goods are coming in. as we know that goods are assets we need to debit it.remember wheather the transaction is for cash bank credit always purchase account shows debit balance.
| Is This Answer Correct ? | 47 Yes | 7 No |
Answer / shilpa
Debit purchase means non cash purchase.. like purchasing from debit card is a debit purchase.
| Is This Answer Correct ? | 6 Yes | 15 No |
Answer / sam
A company that purchases debt from creditors at a discount. Debt buyers, such as a collection agencies or a private debt collection law firm, buys delinquent or charged-off debt at a fraction of the debt's face value.
| Is This Answer Correct ? | 1 Yes | 11 No |
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