Why was the 2 unrealised profit in the inventory held by S Ltd added to the consolidated

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Why was the £2 unrealised profit in the inventory held by S Ltd added to the consolidated figure for cost of sales in Working 2?

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Frank Woods Business Accounting Volume 2

ISBN: 9781292085050

13th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 12:37 AM

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Why was the 2 unrealised profit in the stock held by S Ltd added to the consolidated figure for cost of sales in Working 2?
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Why was the 2 unrealised profit in the inventory held by S Ltd added to the consolidated

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It was added because it was deducted from the purchases of ...View the full answer

Frank Woods Business Accounting Volume 2

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