net purchases

Definition

The cost of goods purchased after subtracting the credit balance for returns, discounts, and allowances from the debit balance in the purchase account.

Use net purchases in a sentence

You should keep good track of your net purchases so that you know you are not spending over your budget.

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The total for net purchases had increase quarter over quarter. The previous discounts they were receiving were no longer applicable.

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The net purchases the he had acquired far exceeded his ability to pay with cash, but it was still good business for the tiny sailboat shop.

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net purchase price Cost Of Goods Sold