i am unable to find this provision on study hub hence asking u. how is goods withdrawn by sole tradr treated?
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goods withdran by sole trader
4mo ago#1Cash basis - treated as a sale at cost price to the trader, so if no adjustment has been made, add in the cost price.
Accruals basis - treated as a sale at selling price to the trader, so if no adjustment has been made, add in the selling price. If an adjustment has been made at cost price, add in the profit.
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