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    zon3r's Avatar
    zon3r Posts: 2, Reputation: 1
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    #1

    Apr 29, 2007, 02:19 PM
    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:confused:
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Apr 29, 2007, 07:32 PM
    Since when do Purchases appear on a balance sheet?
    zon3r's Avatar
    zon3r Posts: 2, Reputation: 1
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    #3

    Apr 30, 2007, 04:19 AM
    Lol, sorry guys... I meant the income statement... It was a very late night... I apologise
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #4

    Apr 30, 2007, 07:07 PM
    Purchases tend not to be shown on any income statement.

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

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