Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Does purchases go on the adjusted trial balance? (https://www.askmehelpdesk.com/showthread.php?t=534966)

  • Dec 15, 2010, 10:26 AM
    mckenziem
    Does purchases go on the adjusted trial balance?
  • Dec 15, 2010, 11:15 AM
    Just Looking

    Purchases go on the trial balance, but you should have info about your ending inventory so that your adjustments will include an entry to zero out Purchases, and adjust Inventory and COGS. Your adjusted trial balance would not have a balance in Purchases.

  • All times are GMT -7. The time now is 04:42 PM.