> On Aug 7, 2019, at 2:41 PM, Frank H. Ellenberger 
> <frank.h.ellenber...@gmail.com> wrote:
> 
> 
> 
>>>>> 7 Kostpijs rekeningen                           (Cost price bills?)
>>> This is where I book my bikes if I buy them from my supplier during the 
>>> year. It will raise my Assets I suppose.
>> 
>> These are the invoices from the supplier or the value of the bikes 
>> themselves? If the bikes, that would be inventory above, if the invoices, 
>> that would be Accounts Payable - a liability.
> 
> Not quite, while buying they increase VOORADEN, on sale they move to
> INKOOPWARDE VAN DE UMZET.

So Cost of Goods Sold? That would be an expense account. Curious that NL mixes 
purchases (inventory) with COGS rather than separating them out.

Regards,
Adrien
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