No. Purchases for resale is treated as current asset.
Accounting entry:
Step 1: Purchase of equipments for resale in cash
Debit Equipments (Increase in asset)
Credit Cash (Decrease in asset)
Step 2: Resale of equipments in cash
Debit Cash (Increase in asset)
Credit Equipment (Decrease in asset)
Purchase Day Book
If you are looking to purchase a time share in locations that have the best resale value, it is wise to check out your odds before making a purchase. From my understanding, hot spots such as Disney World is one of the best locations to purchase a time share.
Purchase expenses are those expenses which are incurred at the time of purchase of anything, like - Auto rikshwa's bill means travelling expense after purchasing of goods.
the resale value is determined by the original price of gold in market - manufacturing cost - service tax at the time of purchase or you can take the purchase price of gold - 20% of that price.
no
No, it is not illegal to purchase items and then resale them for a profit. This is how businesses make their money.
expenses
Purchase cost is the cost of inventory in case of manufacturing company and cost or goods for resale purpose in case of merchandising company.
expenses a/c
That means that part of the money you paid is given back.
Depending on the brand, you can contact the company directly to provide condoms for resale. Contacting the company can result in bulk orders depending on the companies policies.
"The Key Man" is a film that was released in 2011. It is available for purchase from Bonanza and can also be found on DVD resale sites such as Amazon marketplace.