Accounts & Finance Brought to you by IRIS
Dismiss Notice
Hey Guest, make sure to follow us on Twitter! Say hi and we'll be sure to follow back!

Cost of goods bought for re-sale or goods used - QUICK QUESTION

Discussion in 'Accounts & Finance' started by Kilty1209, Jan 23, 2012.

  1. Kilty1209

    Kilty1209 UKBF Newcomer Free Member

    Posts: 1 Likes: 0
    I'm doing my second Self-assessment for the 10/11 Tax Year and just need a quick question answered. Goods I bought for re-sale and then any stock not sold at the end of the 9/10 Tax Year, am I right in thinking these two amounts get added together, just wanted to double check. Many thanks
    Posted: Jan 23, 2012 By: Kilty1209 Member since: Jan 23, 2012
  2. kevin.doran

    kevin.doran UKBF Ace Full Member - Verified Business

    Posts: 2,473 Likes: 470
    Opening stock plus goods bought less closing stock.
    Last edited: Jan 24, 2012
    Posted: Jan 24, 2012 By: kevin.doran Member since: Nov 28, 2011