glossary

Public Offering

A public offering is the process by which a company issues shares or other securities to the public in order to raise capital. This may happen for the first time through an initial public offering or later through further issues. Public offerings increase access to funding but also bring greater regulatory and reporting obligations.

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Purchases Journal

A purchases journal is a special journal used to record credit purchases of goods or materials. It helps organize repetitive purchase transactions separately before...

Purchase Returns

Purchase returns are goods returned by the buyer to the supplier, usually because of defects, wrong quantity, damage, or quality issues. These returns reduce...

Purchase Order

A purchase order is a formal document issued by a buyer to a supplier specifying the goods or services required, quantity, price, terms, and...

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