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Sale of goods on approval or return basis
Why is trading account credited with goods lying with customers at the end?
Replies (6)
While closure of the books as the stock lying with the customer, without approval, So, it will be treated as our stock.
I see...thank you.
goods costing 5000 were sent on approval basis for 6000 were treated as sale
how would be the final accounts be affected?
how would be the final accounts be affected?
Your profit will increase by 1000 @ mehak gulyani
Which one
gross or net profit?
gross or net profit?
gross profit ...
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