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How do i get cost of sales here please?

topcattopcat Trusted RegularRegistered Posts: 452
I make the unrealised profit £30,000 two thirds of this is £20,000

£10,000 - £20

=9980

how do i get £9920

buMXP.jpg

Comments

  • Lucy_MLucy_M Feels At Home Registered Posts: 136
    Hi,
    You've forgotten to deduct the sale in the first place. Inter-company sales are deducted from both revenue and cost of sales, but the PUP (provision for unrealised profit) is added back to COS. So 10,000 - 100 + 20 = 9920 :001_smile:
  • topcattopcat Trusted Regular Registered Posts: 452
    Lucy_M wrote: »
    Hi,
    You've forgotten to deduct the sale in the first place. Inter-company sales are deducted from both revenue and cost of sales, but the PUP (provision for unrealised profit) is added back to COS. So 10,000 - 100 + 20 = 9920 :001_smile:

    Hi lucy thanks a lot :thumbup1::thumbup1:

    has been driving me mad for a good hour , i can sleep easy tonight
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