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- Purchase is an acquisition of goods or services in exchange for a payment of some kind12. It is a more formal word than buy and is often used to refer to contracts and big products3. Buying is considered a general term, which is most commonly used to refer to everyday goods and commodities3. Purchasing is a direct process involving buying the commodity for price4. Procurement involves all the steps that lead to the obtaining of commodity, whether it is taken before, during or after the purchase4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A purchase is an acquisition of goods or services, while an expense is an amount spent for these goods or services.www.financestrategists.com/accounting/purchases/A purchase involves the acquisition of goods or services in exchange for a payment of some kind. The payment is usually in cash or credit (to be paid later). A purchase may also be part of a barter transaction where different non-cash assets are exchanged, or it may be in exchange for the assumption of a liability.www.accountingtools.com/articles/purchaseBuying is considered a general term, which is most commonly used to refer to everyday goods and commodities, while, purchase is considered to be a more formal word than buy. Purchasing is often used to refer to contracts and big products, whereas buying is inferred for small products.english.stackexchange.com/questions/212060/diffe…Purchasing is a direct process involving buying the commodity for price. As against procurement involves all the steps that lead to the obtaining of commodity, whether it is taken before, during or after the purchase.keydifferences.com/difference-between-purchasin…
- verbpurchase (verb) · purchases (third person present) · purchased (past tense) · purchased (past participle) · purchasing (present participle)nounpurchase (noun) · purchases (plural noun)
- the action of buying something:"the large number of videos currently available for purchase" · "we carefully make our purchases after consulting each other"
OriginMiddle English: from Old French pourchacier ‘seek to obtain or bring about’, the earliest sense also in English, which soon gave rise to the senses ‘gain’ (hence, in nautical use, the notion of ‘gaining’ one portion of rope after another) and ‘buy’. Purchase Definition & Meaning - Merriam-Webster
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