on 10-25-2007 10:34 AM
Inventory taking account is which kind of account? it isaibility account or asset account?
Inventory acct is an asset account in a balance sheet. Liabilties are different i.e., what we have to pay to vendors or bank against loans etc.,
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Hi,
It will be of Asset account type ( ie during MIGO stock account )
Liability account will happen during MIRO when we are about to pay to our vendors.
Regards,
DilliB
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