SALES Gromit

This topic has 2 replies, 2 voices, and was last updated 11 years ago by Dushyan.

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May 30, 2015 at 3:27 pm #250643
Dushyan
Member
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Sir
explain me clearly why sales post y/e should be included in y/e inventory
can’t get it out
May 30, 2015 at 3:54 pm #250660
Ken Garrett
Keymaster
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If a sale happened on 3 January, the goods were not sold on 31 December, so should be in closing inventory (assuming they had been purchased before 31/12).

OK?
May 30, 2015 at 5:18 pm #250694
Dushyan
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Thank you gromit !
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