Abstract
A retailer purchases stocks of finished goods, and debits the full invoice price of them to the purchases account. That price will have been made up of a number of separate costs that the manufacturer will have incurred, together with the manufacturer’s profit.
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© 1991 D. E. Turner and P. H. Turner
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Turner, D.E., Turner, P.H. (1991). The accounts of Manufacturers. In: GCSE Accounting. Palgrave, London. https://doi.org/10.1007/978-1-349-11734-5_26
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DOI: https://doi.org/10.1007/978-1-349-11734-5_26
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-52979-9
Online ISBN: 978-1-349-11734-5
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