Why the closing inventories value does not appear in Profit & Loss Statement, but only in the Balance Sheet?
Because closing inventories are an asset, they are unsold. Only sold inventories get transferred to the P&L
Ok, understand. Thank you.
Why the closing inventories value does not appear in Profit & Loss Statement, but only in the Balance Sheet?
Because closing inventories are an asset, they are unsold. Only sold inventories get transferred to the P&L
Ok, understand. Thank you.