Print-friendly PDF

Group purchase price

Definition

The total price paid for a group of objects at acquisition, including taxes for which the purchase is liable. If individual prices are known for specific objects in the group, use Object acquisition price.

How to record

Use local currency. Convert any non-local currency into local, using the exchange rate at date of acquisition. Use Acquisition note to record details of non-local currency paid.

Examples

750.00

Use

A Group purchase price can be used for a number of objects, but any object can only have a single Group purchase price.

Information group

Acquisition information

Date created: 2017

Author: Collections Trust

Publisher: Collections Trust