closing InventoryForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › closing InventoryThis topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 31, 2016 at 7:01 pm #336622 XairieMemberTopics: 41Replies: 42☆☆I ve encountered this very entry quite a few times: Closing inventory(Dr) Income Statement(Cr) Well i do understand that it is the transferring entry.. .. Yet to understand the logic behind it.. Could you please help me on that? September 1, 2016 at 6:55 am #336696 John MoffatKeymasterTopics: 57Replies: 54500☆☆☆☆☆I go through the entries, and explain the logic, in my free lectures on inventory – I cannot type out all my lectures here 🙂AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In