Purchase Accounting

Business / Finance / Purchase Accounting: Method of accounting for a merger that treats the acquirer as having purchased the assets and assumed the liabilities of the acquiree, which are then written up or down to their respective fair market values. The difference between the purchase price and the net assets acquired is attributed to goodwill.

Other Words for Purchase

Purchase Noun Synonyms: buy, acquire, procure, obtain, get, secure, pay for
Purchase Verb Synonyms: buy, acquisition
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Purchase Ledger

Business / Accounting / Purchase Ledger: A subsidiary ledger which holds the accounts of a business's suppliers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the purchase ledger. MORE

Purchase Invoice

Business / Accounting / Purchase Invoice: See Invoice . MORE

Purchase Fund

Business / Finance / Purchase Fund: Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value. MORE

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