SALE ENDS AT MIDNIGHT: Get started with $1000 off!



Purchases are inventory, things bought to sell to customers.

If a shoe store buys shoes for the store the shoes are purchases because they will be sold to customers. If a show store buys cleaning fluids or office furniture, those are not purchases because they will not be sold to customers. This is confusing because many items are bought with a purchase order. However purchases with an “s” on the end means only those things bought to sell to customers.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.