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Accrual Income Statement

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April 15, 2011 02:24PM
How can I show an accrual income statement for 2010 for the grain inventory we are selling in 2011? It shows currently that we have a negative accrual income for 2010. The reason being we are selling all the grain in 2011. I know the cost of the inventory shows up on the balance sheet, but when a creditor wants an income statement for 2010 it really looks bad.

Am I missing something?

Becky
SubjectAuthorPosted

Accrual Income Statement

Becky NewellApril 15, 2011 02:24PM

Re: Accrual Income Statement

KathyClineApril 18, 2011 11:29AM

Re: Accrual Income Statement

Becky NewellApril 19, 2011 11:45AM

Re: Accrual Income Statement

KathyClineApril 19, 2011 12:41PM



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