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#EXTERNALACCOUNTING #GOODSACCOUNTS ► TRADING BUSINESS A trading business sells goods to another business or to the end consumer (distribution). ► PURCHASE OF GOODS All purchases are recorded in the purchase of goods or WK. The opening inventory and closing inventory must be stated. The closing inventory can only be determined by taking inventory. The WK is closed via the P&L (gross method). ► SALE OF GOODS All sales are recorded in the sale of goods or WVK. There is no opening inventory. The WVK is closed via the P&L (gross method). If the sales proceeds are higher than the total of purchases, the business makes a profit. ► LEARNING DOCUMENTS Extensive learning content for numerous modules is available on our website. https://www.studybreak.de/ ► LITERATURE In our affiliate shop you will find a wide selection of specialist literature for numerous modules. https://www.amazon.de/shop/studybreak ---------- Would you like to work on this project with me? Then use the comments to leave me your feedback. I look forward to your message.