CHAPTER 5 Trading stock (inventory)

Key areas we will cover in this chapter

  • li1.png Trading stock
  • li1.png Taxation of trading stock
  • li1.png Valuation
  • li1.png Annual stocktake

Defined terms we will introduce

  • Trading stock: an item that you purchase in the normal course of business and that you intend to resell at a profit
  • Consumables: items of small value you use in your ...

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