0
Should consumption against consignment items will be considered in inventory turn over ratio because consign inventory is not the part of average inventory?
Wiki User
∙ 13y ago
The short answer is no.
If you consume a consignment item, you just bought it. It's not inventory turnover for you, because it's not your inventory - now it's a consumable, an asset, or a personal purchase which should not be on your books at all, except to pay the sales tax owing.
Any other treatment of it is deceitful and illegal.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is fluctuation inventory?
Inventory that is carried as a cushion to protect against forecast error.
What is the campaign against alcohol consumption?
abolition
What is the inventory method that charges the most recent cost incurred against revenue?
LIFO
What is the inventory costing method that charge the most recent incurred against revenue?
LIFO
What was the Quebec law against subversives in the 1930's?
They band the consumption of macaroni
Which country has the lowest per capita beef consumption?
INDIA against religion
Formulation of inventory policy is an important element?
Computations, which balance the cost to order the item against the cost to hold ... 6 Most Important Techniques of Inventory Control System.
Why don't Jews and Muslims eat pork in urdu?
Jews and Muslims do not eat pork because it is considered haram (forbidden) in their respective religious beliefs. In Judaism, the prohibition against pork consumption is outlined in the Torah, while in Islam, it is forbidden in the Quran. Both religions consider the consumption of pork to be impure and spiritually detrimental.
What is the inventory costing method that charges the most recent costs incurred against revenue?
LIFO
What did reformers work against in the temperance movement?
The consumption of intoxicating (alcoholic) beverages.
What type of businesses are likely to choose one system as against the other in the inventory system?
The system of naloge
Getting a minor in consumption ticket but not taking a breathalyzer?
If you appeared to be visibly intoxicated you could be issued a minor in consumption, but it's the officer's word against yours, or your attorney hopefully.
