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Recording internal sales of stock at cost

RPQF
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Cover User
Australia

Recording internal sales of stock at cost

I am using Job codes to separate the running costs and sales of a wholesale production business and a retail shop. If I want to internally sell inventory at cost from the wholesale job code to be recognised as a purchase to the retail job code but will not be physically receiving the cash or paying the creditor account can I use a contra GL account to post the transactions from a debtor and creditor account? Is this the best way to do this?

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