Finance

Ask a Finance Question, Get an Answer ASAP!

Have your own Finance question?

3 Financial Professionals are Online Now

characters left:

Not a Finance Question?

Question

When dealing with the transfer of goods from one company to another, how does a company who carries an inventory know when to record their purchase as a part of their inventory. Can you elaborate on the logic behind when to recognize the purchase of inventory on the balance sheet?

Submitted: 297 days and 13 hours ago.

Category: Finance

Value: $15

Status: AWAITING EXPERT REPLY

Posted by RD 296 days and 19 hours ago.

Info Request

Is the company buying on behalf of the other company and for itself?
Is the purchase order made separately for both the companies?

295 days and 12 hours ago.

Reply

this is when the company is dealing with the transfer of goods from one company to another.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.