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juliankandy
April 11, 2025
Question

I started my business last year. I know my beginning inventory for the year was 0, then I purchased items. If I sold any of them are they still included in EOY inventory?

  • April 11, 2025
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    Vanessa A
    April 12, 2025

    No.  If you sold items, they are subtracted from your end of year inventory. 

    If you are a small business, you can choose not to keep an inventory and instead list your purchases as supplies and your sales as sales.  

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