Inventory is par to current asset at asset side in classified balance sheet as inventory is used within one fiscal year.
Current Asset
As a current asset
Yes, it is a stock of the company so it is shown as asset in the balance sheet.
Inventory is normally used within one fiscal year that is why it is current asset of business and shown in asset side of balance sheet.
Yes inventory is part of current assets portion of balance sheet as it is usable in current fiscal year for revenue generation.
Current Asset
As a current asset
Yes merchandise inventor is usable within one fiscal year that's why it is current asset and shown as a current asset in balance sheet.
Expense on the income statement. The COI or Merchandise Inventory is reported on the balance sheet as an asset.
Assest side of balance sheet
The main parts of a balance sheet are profit, loss and inventory.
Yes, it is a stock of the company so it is shown as asset in the balance sheet.
Inventory is normally used within one fiscal year that is why it is current asset of business and shown in asset side of balance sheet.
Yes - Like Raw materials inventory, and finished good inventory, Work in process (WIP) is recorded on the balance sheet.
Yes inventory is part of current assets portion of balance sheet as it is usable in current fiscal year for revenue generation.
Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.
How can be anticipate inventory