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
    #1
  2. kevin.doran

    kevin.doran UKBF Contributor Full Member - Verified Business

    Posts: 1,322 Likes: 242
    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
    #2