Accountancy, asked by gokulkannan9714, 1 year ago

During company creation if we select the maintain accounts only then later later on we cannot change it to account with inventory

Answers

Answered by rajharshrautpduhz9
10
No, it is changeable
Answered by bhatiamona
1

During company creation if we select the maintain accounts only then later later on we cannot change it to account with inventory.

No, this is not true.

During a company formation if we select Maintenance accounts only then later we can change it to Inventory account.

Explanation :

While creating the company, if we select only maintenance account and later if we need to, we can convert that maintenance account to inventory account. To convert to Inventory account, we need to select Accounts with Inventory option. By doing this we can convert normal maintenance account into inventory account. Therefore the above statement is not completely true. We can later convert the normal maintenance account to inventory account if we so desire.

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