The value of inventory held at the end of a financial period is deducted in arriving -at

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The value of inventory held at the end of a financial period is deducted in arriving

-at the cost of sales but is not shown as an asset on the statement of financial position.

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Accounting A Smart Approach

ISBN: 9780199674916

2nd Edition

Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles

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Question Posted: Jun 25, 2024 01:02 AM

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The value of inventory held at the end of a financial period is deducted in arriving -at

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Accounting A Smart Approach

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