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SALES Gromit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › SALES Gromit

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by Dushyan.
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    Posts
  • May 30, 2015 at 3:27 pm #250643
    Dushyan
    Member
    • Topics: 37
    • Replies: 44
    • ☆☆

    Sir
    explain me clearly why sales post y/e should be included in y/e inventory
    can’t get it out

    May 30, 2015 at 3:54 pm #250660
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10597
    • ☆☆☆☆☆

    If a sale happened on 3 January, the goods were not sold on 31 December, so should be in closing inventory (assuming they had been purchased before 31/12).

    OK?

    May 30, 2015 at 5:18 pm #250694
    Dushyan
    Member
    • Topics: 37
    • Replies: 44
    • ☆☆

    Thank you gromit !

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