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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › inventory
If there is a sale of inventory by the associate and the goods are still in inventory then there will be a credit to group inventory. Is it correct
The inventory is held by the group and so the adjustment is to the group inventory.
But in the bpp kit it says that there will be no effect on group inventory and the transaction will be posted as debit share of profit of associate and credit investment in associate. Is it incorrect