Sale of goods on approval or return basis
Adarsh Saji (62 Points)
07 September 2018
Why is trading account credited with goods lying with customers at the end?
6 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 07 September 2018
While closure of the books as the stock lying with the customer, without approval, So, it will be treated as our stock.
mehak gulyani
(4 Points)
Replied 06 February 2019
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?
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