A price reduction on a purchase from the amount originally billed
A)Cost of goods sold
B)Freight In account
C)Purchase allowance
D)Purchase invoice
E)Purchase order
F)Purchase requisition
G)Purchase return
H)Purchases account
I)Purchases discount
J)Purchases journal
K)Receiving report
L)Sales discount
M)Sales invoice
N)Schedule of accounts payable

Question

Quizplus · Accepted Answer

A purchase allowance is a reduction in the price of goods that a buyer has purchased, typically due to issues such as defects or errors in the order.

A Price Reduction on a Purchase from the Amount Originally