Lower of Cost or Market Rule Example
Share your inquiries now with community members Click Here
Sign up Now
Lessons List | 27 Lesson
Comments
Related Courses in Business
Course Description
Inventory refers to all the items, goods, merchandise, and materials held by a business for selling in the market to earn a profit. Example: If a newspaper vendor uses a vehicle to deliver newspapers to the customers, only the newspaper will be considered inventory. The vehicle will be treated as an asset.What is inventory in accounting?
Inventory is the array of finished goods or goods used in production held by a company. Inventory is classified as a current asset on a company's balance sheet, and it serves as a buffer between manufacturing and order fulfillment.What is the concept of inventory?
Inventory is an accounting term that refers to goods that are in various stages of being made ready for sale, including: Finished goods (that are available to be sold) Work-in-progress (meaning in the process of being made) Raw materials (to be used to produce more finished goods)
Trends
MS Excel
Excel Course Basic to Advanced
Learning English Speaking
Excel for data analytics and data visualization
English Language
Magento Formation Français
Graphs In python for beginners
Business analysis techniques
Digital Marketing tools for beginners
SEO Google Digital Marketing
Photoshop text masking effect methods
Python programming language
Web Design for Beginners
Communication Skills importance
Python in Hindi
Android development techniques for beginners
Adobe Illustrator Design Tips Essentials
Linux Operating system administration for beginners
English Grammar basics to Advanced
Sociology
Recent
TensorFlow fundamentals
Graphs In python for beginners
Figma UI design for beginners
Python web scraping fundamentals
Human Capital management strategies
MVC architecture fundamentals
AWS terraform techniques
Communication Skills importance
Microprocessor programming for beginners
Excel for data analytics and data visualization
Digital Marketing tools for beginners
Software Engineer Job fundamentals
Digital Marketing Job roles
Big Data Analytics skills for beginners
Business analysis techniques
Linux Operating system administration for beginners
Java Virtual machine security essentials
Google Cloud platform security essentials
Digital Marketing skills for beginners
Linux System Administration for beginners