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ang31
Joined: 04 Aug 2008
Posts: 4
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| Posted: Mon Aug 04, 2008 4:39 am Post subject: Stcok gains and losses |
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Hi, double entry question. If invoiced for 100 worth of stock then dr stock and cr creditors control.
If only receive 90 worth of stock then what is double entry? The invoice will be paid in full but need to dr losses and cr which account? Is it stock?
many thanks |
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pd7333
Joined: 04 Aug 2008
Posts: 2
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| Posted: Mon Aug 04, 2008 5:41 am Post subject: |
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DR Loss account
CR Stock Control |
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ang31
Joined: 04 Aug 2008
Posts: 4
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| Posted: Mon Aug 04, 2008 6:01 am Post subject: |
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| Many thanks for that! |
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