Purchases of inventory

S. Barret Dolph wheds8@ms66.hinet.net
08 Dec 2002 08:17:14 +0800


If I purchase items such as CD's or Books for my school how do I enter
the transaction so that the value of the items is listed as assets. 

Cordially,
S. Barret Dolph
Taipei Taiwan

Example: Purchase of 1000 CD's @ 40 per disc. Retail value is 1.00 per
CD. (Taiwan $.)