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  2. According to our concept, a purchase is a financial operation where goods and services are exchanged for consideration.
    www.myaccountingcourse.com/accounting-dictiona…
    Purchase is the cost of buying inventory during a period for the purpose of sale in the ordinary course of the business. It is therefore a kind of expense and is hence included in the income statement within the cost of goods sold.
    accounting-simplified.com/financial/purchases/
    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/
    Purchasing is the acquisition of goods and services on behalf of the buying entity. Purchasing is needed to obtain goods on time and at a reasonable cost.
    www.accountingtools.com/articles/what-is-purchasi…
     
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