The Nine Ways in Which It Is Customary for Businessmen to Buy. The Goods Which It Is More or Less Necessary to Buy on Time.

Since we are speaking of buying, note that you may commonly make purchases in nine ways: First, in cash; second, on time; third, by the exchange of goods; fourth, by draft; fifth, partly in cash and partly on time; sixth, partly in cash and partly by goods; seventh, partly by goods and partly on time; eighth, partly by draft and partly on time; ninth, partly by draft and partly in goods. It is customary to make purchases in these nine ways. ⁵ If you buy in some other way, enter precisely what you have done in the Memorandum or have someone else enter it.