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Inventory control refers to the process of systematic control/regulation of purchases made, storage and usage of material/goods in a way to maintain uninterrupted flow of production supply as per market trends and demand and avoid excessive investment in stock holdings at the same time.
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Is inventory a short term financial asset?
yes
Short notes on responsibility accounting?
what is responsibility accounting
Is inventory an example of a long term asset?
Inventory is usually stocked for short term time period for one to three months so it is a current asset and never be considered as long term asset.
What is a Long Term Notes Payable?
They are similar to short-term interest-bearing notes payable except that the term of the notes exceeds one year. a long term note is often secured by a mortgage that pledges title to specific assets as security for a loan.
What order do the current assets go in?
CURRENT ASSETS FORMAT 1.cash and cash equivalent such as cash on hand,cash on bank, petty cash etc. 2.short term investment such as stocks, bonds, other short term investment 3. receivables such as accounts receivable, allowance for bad debts,notes receivable,interest receivables etc. 4. Inventory such as raw materials 5. prepaid expense such as prepaid rent,prepaid rent, prepaid advertising etc.
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hiii
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ygghdktyeydtydtyyt
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Can you write short notes on equitable premium?
Yes you can because its equitable premium
Short notes on the Inventory?
Inventory refers to the tangible goods and materials that a business holds for the purpose of reselling. The reasons for keeping include appreciation of value, economies of scale, seasonal demand, time and uncertainty.
