Hello,
ok thanks so much, so when I sell the first 1 I only enter the cost figures for that property in the COGS. I have one last question if we purchased 4 properties in a year and sold 1 of them and we add the the cost to the purchases and add the amount purchase amount of the remaining 3 in the closing inventory the net effect would be the remainder in the COGS wouldn't this be the same thing?, for example the 4 properties purchased cost 400,000 and are entered to the purchases and we sold a property worth 100,000 if we enter 300,000 in the closing inventory and deduct the 300000 from the 400000 we would be left with a 100,000 in the COGS. and then this would be opening for the next year's return and any new purchases added to the purchases side and any property sold that year then again deducted from the ending inventory.
