The books of Prime Entry (part a) - ACCA Financial Accounting (FA) lectures
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3 Comments
S
shakir7385·
In point (s) in which Pattie withdraw 700, there is one more thing written at the end of this point (there was no closing inventory). Probably in the lecture this thing was not discussed. Can you please give idea about it what this closing inventory is? what would happen if there would be closing inventory left.
J
John MoffatTutor·
It is not meant to be anything to do with point (s).
It is just stating that there is no closing inventory. It means that none of the goods bought we left at the end. Inventories are explained in an earlier chapter.
It is just stating that there is no closing inventory. It means that none of the goods bought we left at the end. Inventories are explained in an earlier chapter.