Here half of the goods returned and other half not and as per sale on approval we have to show it as inventory.... My doubt is they have deducted it from sale and not added to inventory the for half of the value I am very confused abt the treatment will anyone explain in brief
Sir birthday have stated no information regarding half of the goods are we supposed that the goods have been sold if no information is received??
You can assume either way.
Means if we suppose that the goods have not been sold then should we include it in inventory and deducted from sell?? Will be the correct treatment?