Can anyone tell me when the good are sale on sale or return basis then we not minus from closing stock but when the goods are return we add cost of good sold why??

Question

Zoyaaa · Answer

I didn't understand the concept of sale of goods on approval basis..in this chapters only those transactions which are related to sale on approval basis are not understood..can u please explain it

Akriti · Answer

Actually I think you need to revise your question. Jaha tak mujhe lagta hai ki tum inventory chapter ka question kar rahi hogi. And usme ye clearly mention hoga that the goods were deducted from closing stock toh isliye aapko goods ka cost yaani ki profit hata ke jo amount bachega woh add karna hai. And yes ham profit hata rahe hai kyuki ham goods ko original cost pe record karenge

Can anyone tell me when the good are sale on sale or return basis then we not minus from closing stock but when the goods are return we add cost of good sold why??

2 answers

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