Stock at year end or not?

Stock at year end or not?

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We have pre-paid for a large amount of stock which will not arrive until 2nd week of January. As we have a December year end, should I include this value in the closing stock figures? Thank you

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By Portia Nina Levin
15th Dec 2014 14:05

I refer you

To your third word/third and fourth words.

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By Democratus
15th Dec 2014 15:18

Lorraine

for clarity NO

You already have a current asset - a prepayment in debtors.

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