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Trading stock is generally anything your business produces, manufactures or acquires, to manufacture, sell or exchange.
#Trade the ticker dvd software#
Trading stock and the treatment of proceeds from the sale of software.Simpler trading stock rules for small businesses.consumables used in manufacturing trading stock, such as cleaning agents or sandpaper.Īll businesses must account for the value of their trading stock at the end of each income year (closing stock) and at the start of the next income year (opening stock).goods owned by a lending business where the goods are used to earn income by hire or rental, rather than manufacture, sale or exchange, for example furniture, DVDs, catering equipment, tools, vehicles etc.stocks of spare parts held for repairs or maintenance to plant and equipment.standing or growing crops, timber or fruit – these only become trading stock when they are harvested, felled or picked.
Trading stock is anything your business acquires, produces or manufactures, for the purpose of manufacturing, selling or exchanging.
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