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  3. Study Set
    Fundamental Accounting Principles Study Set 5
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    Exam 8: Cash and Internal Controls
  5. Question
    Describe the Net Method of Accounting for Purchases
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Describe the Net Method of Accounting for Purchases

Question 77

Question 77

Essay

Describe the net method of accounting for purchases. Why do companies use the net method?

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The net method assumes that a firm will ...

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