[GNC] Double entry accounting (A/R Sales Revenue, COGS Inventory, Sales Returns And Allowances A/R)

[jason]

Hi, my name is Jason. ;) quite happy to be able to register with a real name.

My business is about creating a product and selling it to a customer.

1. A/P Purchases from Cosmetic LLC (Green 170 pcs) to Inventory = $510
2. Capital; Purchases from Packaging LCC (Matte 170 pcs) to Inventory = $170
3. Capital; Purchases from Tubes LLC (Matte 170 pcs) to Inventory = $170

The three purchases, turned into one, Green Edition 170 pcs

4. Cash; Sales to AEON Mall LLC (Green Edition 170 pcs) for $10 = $1700 USD
Inventory decrease to $0
COGS increase to $850
Cash increase to $1700
Sales Revenue to $1700

Can you help me to do that in GNUCash?



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