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opening inventory

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › opening inventory

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  • October 16, 2011 at 7:36 am #50116
    Vipin
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    • Topics: 151
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    • ☆☆☆☆

    i read in study text that
    credit the inventory account with the value of opening inventory
    debit the income statement with the value of opening inventory.

    but in the example, i see that opening inventory value is always on debit side of inventory account.
    any comments….

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