Question: What is the purchase journal used for? Do we record all credit purchases in the purchase journal or only merchandise for resale? Explain why! How

What is the purchase journal used for? Do we record all credit purchases in the purchase journal or only merchandise for resale? Explain why!

How do we arrive at the " Net Delivered Cost of Purchases?" What is an "allowance" and why would a merchant offer your one? Is the allowance a negotiable position for the buyer? Can you negotiate an allowance to your favor and how would you do so?

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