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J
jcmac5
Level 2
May 15, 2021
Question

Where do I record the bulk sale of inventory?

  • May 15, 2021
  • 1 reply
  • 5 views
the entity is a corporation
This topic has been closed for replies.

1 reply

George4Tacks
George4Tacks
Level 15
May 15, 2021

Sale of inventory would be shown in Gross receipts, with a corresponding reduction in inventory that would affect cost of goods sold. 

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