1. Profile photo of MikeLittle says

    The opening inventory is DEBITED to statement of profit or loss – whatever makes you think that it’s credited?

    The figure for the statement of financial position is the one on the debit side below the total lines


  2. avatar says

    hello sir – in relation to your inventory T account – is opening inventory credited to the income statement? and which figure of the account would you put in the balance sheet?

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