Re: [Openerp-expert-accounting] Average Purchase Price and taxes

Sun, 20 Jan 2013 02:41:58 -0800

Title: Eric CAUDAL
While this would obviously greatly depend on legislature, International Accounting Standards and most legislatures I'm familiar with are such that warehouse stock (and therefore by extension average procurement price) is evidented that all the costs of procurement are included in stock price incl. transportation and customs costs and all taxes, apart from those that can be retrieved back (like sales tax and/or VAT). -- IAS 2 - article 11.

I only have them in Croatian so the original English text might differ a bit.

On 20.01.2013 10:47, Eric Caudal wrote:
Hi,
When we purchase a product price tax included, the average price is calculated with taxes.
It seems to me weird (cost price should never include taxes) but is there any accounting expert to enlighten this topic?
Best regards
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