Industry sector: Retail and wholesale

Record shop: Cash purchases


'Cash purchases' means any payment you make to suppliers with whom you do not have an account. As you don't have an account, you will have to pay for these goods and services at the time when you buy them.

Examples of the types of supplier from whom you might make Cash purchases include:

  • wholesalers that don't offer account facilities
  • small suppliers from whom you make one-off or infrequent purchases, such as buying secondhand records from off-the-street customers, from private individuals selling their music collections, from house clearance and car boot sales or when you buy stock from a source like eBay

Cash purchases only include items that you buy for resale or for use in servicing and repairs. They don't include things like tea and coffee bought for use at work, or items such as business stationery. Don't include things like this here. They're covered elsewhere in the cash flow.

Remember to keep safely all the invoices and receipts for Cash purchases, even if the amounts are very small.