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The document discusses posting a goods issue to cost of goods sold by debiting that account and crediting the inventory account. It also mentions revaluing inventory by debiting the stock account and crediting an inventory revaluation account.

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kalkikali
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50 views1 page

Entries

The document discusses posting a goods issue to cost of goods sold by debiting that account and crediting the inventory account. It also mentions revaluing inventory by debiting the stock account and crediting an inventory revaluation account.

Uploaded by

kalkikali
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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PGI done (Goods issue) Cost of Goods Sold Dr (Configured in OBYC GBB T-Key) To Inventory Account

inventory revaluation

dr stock cr inventory revluation

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