Tx05. Purchase inventory - $10,000
What do we have more of, or perhaps less of, as a result of this transaction?
Is inventory an asset?
What if the inventory was on consignment?
How can you have two transaction effects on the same side of the Framework (general ledger)?
Is inventory an asset?
What if the inventory was on consignment?
How can you have two transaction effects on the same side of the Framework (general ledger)?
Video Tx5-1: Review how the journal entries impact on the general ledger: