PPE is part of unventory
There is no different between the two measurement.
Inventory include materials, loose tools and finished products of an enterprise. Warehouse is the place for keeping the inventory for future use.
The main difference between quick and current ratios is the inventory. In cases where inventory value is in -ve (ie, stale goods and disposing them off takes money. hence, the net value of inventory goes -ve), CR < QR [addition of -ve qty] HTH
Real assets are physical assets such as plant, machinary, vehicles, stock/ inventory. Financial assets, are cash, bonds, shares etc., etc.
Periodic Inventory System Inventory account and cost of goods sold are non-existent until the physical count at the end of the year. Purchases account is used to record purchases. Purchase Return account is used to record Purchases Returns account. Cost of goods sold or cost of sale is computed from the ending inventory figure For goods returned by customers there are no inventory entries. Perpetual Inventory System Account and the balance of costs of goods sold and inventory account exist all the time. No individual purchases account but the purchases are recorded in the Inventory Account. No individual Purchase Returns account but the purchases return are recorded in the Inventory Account. Record cost of goods sold/cost of sale - inventory is reduced when there is a sale. Returns from customers are recorded by reducing the cost of goods sold and adding back into inventory.
Their is no Difference
What is the difference between fixed asset and inventory
The difference between stock and inventory is that stock is what you have if you're selling items. Inventory includes what you have as your belongings.
what is definition of inventory? what is the difference between inventory and asset?
Depreciable asset - accumulated depraecation = net of Depreciable asset (PPE) Which is the reported PPE(net)
in fact there is no diff.
There is no different between the two measurement.
periodic takes place on an irregular schedule where perpetual is a constant state of inventory
An inventory variance report shows the difference between previous recorded inventory quantity and correct inventory quantity which is discovered immediately after a physical count. It also reports on the value difference the quantity variances caused.
* Inventory: A concept of having something stored. * Warehouse: A building to store goods in.
LIFO Reserve
Actually there is no difference between Inventory holding cost and carrying cost. Its like, you will be able to hold the inventory only when you carry it. So whether you hold the inventory for one year or carry it for one year both are same