Dear All,
In Trading Business,we just buy and sell the products.
When we sell the FG stock, entry will be COGS a/c Dr to FG Stock A/c ,at the time of PGI and at the time of Billing, the entry will be Customer A/c Dr to Sales A/c ,then finally where and how COGS A/c will be set off or adjusted.
Can any body throw some light on this?
Regards
Su