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Import Export Inventory

https://accountingsolutionsltd.com/accounting-articles/import-export-inventory/https://accountingsolutionsltd.com/accounting-articles/import-export-inventory/

https://accountingsolutionsltd.com/accounting-articles/import-export-inventory/

Import Export Inventory
 

One of the issues that we deal with in Import / Export Accounting is when does a shipment of inventory actually become our property?

Is it ours when they put the container on the ship in China, or is it ours when it is delivered to our warehouse? From the standpoint point of the inventory value of a load, do we include the cost of shipping it from the warehouse to the customer? If it gets damaged on the way to the customer, and it is returned, what is it worth?

 

The correct answer to these questions could greatly reduce your income taxes.

 
If you are having problems with your Import Export Inventory or have issues with your accounting in general, we would love to help. I enjoy hearing from my readersFind Article, and can be contacted at
 
Chris@AccountingSolutionsltd.com
 
Additional Accounting Articles and information on my firm can be found at
 
www.AccountingSolutionsLtd.com
 

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ABOUT THE AUTHOR


Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals



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