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In finsihed goods a/c can we show it as Credit Sales 2361334 And debit Profit at 308000? Instead of only crediting COGS?

Priyanka Udeshi

CA Final

★ 14K+

25-Jul-21 00:20

340

Answers (2)

Best Answer

Finished good is transferred to COGS/COS A/c to add selling and distribution expenses and then transferred to Sales A/c

Harish Kumar

CA Inter

★ 14K+

25-Jul-21 11:26

Can you elaborate your question or please keep pic of entire solution

Harish Kumar

CA Inter

★ 14K+

25-Jul-21 11:25

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