Inventory

[Steve Hill]

On Sat, 20 Mar 2010, James Kerr wrote:

> Accounts Receivable: Debit (Increase) £36
> Sales: Credit (Income) £36
> Cost of goods sold: Debit (Expense) £20
> Inventory: Credit (Decrease) £20

Ok, thanks for your reply, this makes sense.  Although it doesn't seem 
to allow me to take advantage of the realised gains calculations done by 
the lots system - i.e. all the transactions in the Inventory account will 
be for amounts equal to the cost of the goods, so the lots will always 
show as having made no gains.

-- 

  - Steve
    xmpp:steve at nexusuk.org   sip:steve at nexusuk.org   http://www.nexusuk.org/

      Servatis a periculum, servatis a maleficum - Whisper, Evanescence