Chart of AccountsPreview

Open in TheBrain

Capital Gains on the Disposal of Intangible Assets
+ Positive
Expenses
Cost of Goods Sold

Closing Inventory

<p>In the case where you want to represent opening & closing inventory values in the Cost of Goods sector. Closing Inventory will be a credit.</p>

Parents

Cost of Goods Sold

Children

Inventory at Cost
Inventory at Current Replacement Value
Inventory at Net Realisable Value

Made with TheBrain