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If you get 20,000.00 cas for inventory and get 20,000.00 in inventory what T accounts are affected
account receivable and inventory
a. inventory
account only particular ledger ,account with inventory deals with item and groups of item In account only we cannot deals with stock entry ,But in accounts with inventory we can deal with stock entry . Account only deals with firm.But Accounts with inventory deals with manufacturing and trading.
inventory
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
A retailer would typically use several types of inventory accounts. These may include "Finished Goods Inventory" to track the products ready for sale, "Raw Materials Inventory" to monitor the materials used in production, "Work in Progress Inventory" to track partially completed products, and "Merchandise Inventory" to keep a record of goods purchased for resale. Additionally, there may be specific inventory accounts for perishable or seasonal items.
1 - Raw material Inventory 2 - Work in process inventory 3 - Finished Goods inventory
Maintaining up to date accounting records helps improve inventory management. Also, it's a good idea to at least do a annual physical count to ensure inventory accuracy.
Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable
Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.Assets that are continually changing in quantity and/or value. Example, inventory, available cash, number of the company's accounts, etc.