Is there a way to incorporate the stock acquisition costs as part of the average price of a product?
"Stock acquisition costs" is referred to shipping costs, freight agent, etc
At least in British accounting these costs must be accounted as 'stock value' and claimed as expenses only when the product is sold as Cost Of Goods Sold - Currently I'm only able to account for such costs at the time of the invoice (as an expense) which is incorrect from an accounting point of view.
Please try to give a substantial answer. If you wanted to comment on the question or answer, just use the commenting tool. Please remember that you can always revise your answers - no need to answer the same question twice. Also, please don't forget to vote - it really helps to select the best questions and answers!
About This Community
|Asked: 5/6/13, 8:16 AM|
|Seen: 1012 times|
|Last updated: 3/16/15, 8:10 AM|