https://community.myob.com/discussions/MultiCurrencyTest/inventory-purchases-and-deposits-or-progress-or-advance-payments/637418
Inventory purchases and deposits or progress or advance payments | MYOB Community
Inventory purchases and deposits or progress or advance payments
inventory purchasesadvance paymentsmyob communitydepositsprogress
https://www.accountingcoach.com/blog/purchases-instead-of-inventory
Why does a company debit Purchases instead of Inventory?
When a company uses the periodic inventory system the amount of the company's inventory is determined by a physical count at the end of the accounting year
a companyinstead ofdebitpurchasesinventory