Definition

The purchase price comprises the amount invoiced by the seller, after deduction of any discounts, rebates or other similar items, such as interest incorporated into the nominal amount, plus any additional costs incurred to bring the goods to a saleable condition, such as transport, import duties, insurance and other costs directly attributable to the acquisition of inventories.

Nevertheless, the purchase price can include interest on payables maturing within one year which do not have a contractual interest rate when the effect of not discounting the cash flows is immaterial.

Source

Short-Term Stock and Inventory Survey. Methodology

Topic

• Economic accounts

Statistical operations

(links to the Inventory of Statistical Operations)

• 30063 - Stock Statistics

Concepts associated

There are no related concepts