- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Cost of Purchases - What 'YOU" paid for the inventory you actually sold during the tax year. It does not matter what tax year you paid for it.
Cost of Purchases is NOT what you paid for inventory you actually sold during the tax year.....that is COST OF GOODS SOLD. Cost of purchases is what you paid for the inventory you purchased during the tax year.
‎April 7, 2021
4:57 PM