cash and bank

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:10AM in AAT student discussion
Can anyone explain to me why the cash and bank figures are now included in the cost of sales whereas before (Foundation and Intermediate) they were only included as assets (or liabilities) in the balance sheet?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    cash and bank

    Cash and Bank Balances are never included in the cost of sales as they are a snapshot at an actual moment and do not represent a change over time.<BR><BR>If you could give an example of your concern I will try and help you further.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    cash and bank

    Exactly what was said above. It will only ever appear on the balance sheet.<BR><BR>Regards<BR><BR>Dean

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