That would seem right the June expenditure gets capitalised to inventory rather than to the p&l.
So p&l has may revenue and may expenditure
And June expenditure is on balance sheet as inventory
May
Dr expenses (p&l) 13,008
Cr cash (BS) 9482
Cr accumulated depreciation (BS) $3483
Book may expenses
Dr cash (BS) 14141
Dr receivable (BS) 834
Cr Revenue (p&l) 14974
Book may revenue
June
Dr inventory (BS) 12232
Cr cash (BS) 8799
Cr accumulate Depreciation (BS) 3483
Book June expenditure
(Won't be exact as I don't know timing diff in inventory movement and using same depreciation to back into cash)
- Forums
- ASX - By Stock
- GXY
- Ann: 2017 Half Year Financial Report
Ann: 2017 Half Year Financial Report, page-151
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online