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- Obtain by paying money or its equivalentPurchase means to obtain by paying money or its equivalent123. It is an exchange of money for a particular good or service2. A purchase involves the acquisition of goods or services in exchange for a payment of some kind, usually in cash or credit3. Purchasing is the acquisition of goods and services on behalf of the buying entity4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The meaning of PURCHASE is to obtain by paying money or its equivalent : buy.www.merriam-webster.com/dictionary/purchaseDefinition: A purchase means to take possession of a given asset, property, item or right by paying a predetermined amount of money for the transaction to be completed successfully. In other words, its’ an exchange of money for a particular good or service.www.myaccountingcourse.com/accounting-dictiona…What is a Purchase? 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).www.accountingtools.com/articles/purchasePurchasing 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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