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The stock of the same type of material is composed of different consignments purchased at different times and at differen rates.
The system of inventory where updates are made on a periodic basis is a periodic inventory. In this type of inventory, there is no effort made to keep the records of the cost of goods sold or the inventory up-to-date.
conclusive
Merchandise Inventory is an asset account that shows up on the balance sheet.
Like what type of business? An accounting firm wouldn't have an inventory account. A manufacturer would have an inventory. Think of it as if a company is selling a product as opposed to services they would generally have an inventory account.
which type of inventory method used in top ten company?
Type your answer here... retial method
The stock of the same type of material is composed of different consignments purchased at different times and at differen rates.
form_title= Inventory Tracking form_header= Track your inventory easily and efficiently. What type of inventory do you have?*= _ [50] How often do you track your inventory?*= _ [50] Will the inventory need to be tracked internationally?*= () Yes () No
The history of inventory systems depends on the type of inventory system being discussed. There are two main types of inventory systems, the perpetual inventory system and the periodic inventory system.
Cyclic
The system of inventory where updates are made on a periodic basis is a periodic inventory. In this type of inventory, there is no effort made to keep the records of the cost of goods sold or the inventory up-to-date.
conclusive
conclusive
Yes.
Merchandise Inventory is an asset account that shows up on the balance sheet.
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