How do i get cost of sales here please?
topcat
Registered 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
£10,000 - £20
=9980
how do i get £9920
0
Comments
-
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:0 -
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 tonight0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 259 NEW! Qualifications 2022
- 146 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 37 AAT Level 3 Diploma in Accounting
- 64 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 274 VAT
- 92 Software
- 274 Tax
- 137 Bookkeeping
- 7.3K General accounting discussion
- 193 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 590 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership