Q What's the effect of purchase on profit?
The answer gave: None - with the reason that the goods haven't been sold yet.
However, sold or not, purchases do form part of the COS, so how do we know whether or not they've been sold?
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Effect of Purchase on Credit
10y ago#1Buying goods is not what makes profit - it is only when goods are sold that a profit is made.
I'll bear that in mind - thanks. :)
10y ago#3You are welcome :-)
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