Business purchase accounting entries refer to the bookkeeping process of recording transactions related to the acquisition of goods or services. This typically includes things like inventory transactions, accounts payable transactions, and amortization expenses. In business purchase accounting, entries are made in order to correctly record purchases that have been made and ensure that any changes in value resulting from these purchases are documented appropriately. Entries can also be made in order to record any associated tax information or depreciation values. The process of business purchase accounting is essential for any business owner looking to accurately track the financial impact of their purchasing decisions.