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    chasewoogie's Avatar
    chasewoogie Posts: 10, Reputation: 1
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    #1

    Sep 18, 2009, 09:08 PM
    Using inventory items meant for sale for office use
    How do we treat a case of goods (canned drinks) meant for sale being withdrawn by the manager of a company and used for entertaining some visiting company's bankers during business hours?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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 18, 2009, 09:18 PM

    Answered over here:
    https://www.askmehelpdesk.com/accoun...se-397689.html

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