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Home > Business & Careers > Accounting   »   Balance Statement - Periodic Method

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Old Apr 29, 2007, 02:19 PM
zon3r
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Balance Statement - Periodic Method
Guys, I really don't quite get how the balance sheet will look with a periodic layout... the one in which purchases will appear... please help

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Old Apr 29, 2007, 07:32 PM   #2  
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Since when do Purchases appear on a balance sheet?
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Old Apr 30, 2007, 04:19 AM   #3  
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lol, sorry guys... I meant the income statement... It was a very late night... I apologise
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Old Apr 30, 2007, 07:07 PM   #4  
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Purchases tend not to be shown on any income statement.

You just show the COGS figure (which is comprised of the Purchases figures, plus other numbers).

If you wanted to show it, I guess you could.
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