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chasewoogie
Sep 18, 2009, 09:08 PM
How do we treat a case of goods (canned drinks) meant for sale being withdrawn by the manager of a company and used for entertaining some visiting company's bankers during business hours? Should the inventory be treated as a sale or what? please help with the journal entries to make in the books of account.

morgaine300
Sep 18, 2009, 09:18 PM
Answered over here:
http://www.askmehelpdesk.com/accounting/using-inventory-items-meant-sale-office-use-397689.html