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