answersLogoWhite

0

Advances for inventories refer to funds provided by a buyer to a seller before the actual delivery of goods or services. This financial arrangement is often used to help sellers procure or manufacture products, ensuring that they have the necessary capital to fulfill orders. Such advances can help improve cash flow for the seller while providing the buyer with a guarantee of future delivery. This practice is common in industries where production or procurement processes require significant lead time or investment.

User Avatar

AnswerBot

2d ago

What else can I help you with?

Related Questions

Benefits and cost of holding Inventories?

what is benefits of holding inventories


What is the plural possessive of the word inventory?

The plural is inventories. The plural possessive is inventories'.


What are dormant inventories?

The costs of dormant inventories--goods not immediately convertible into cash


Is inventories assets?

yes


What has the author Frederick Stanley Staples written?

Frederick Stanley Staples has written: 'The inventories' -- subject(s): Inventories


How would you verify the ending inventory item in auditing?

ending inventories are verified by comparing purchases and sales. the difference is ending inventories then do a physical count, to make sure that what's on papers are the same compared to the actual inventories on hand.


Is inventories considered an asset or liability?

Inventories are those costs the benefits of which has to be taken by company in future time period while payment made already as these are part of future revenue generating activities that's why inventories are assets of company.


Are there inventories for Mega Blok sets?

yes there are


Do NYSE specialists hold inventories of stock?

Yes


How often does an equipment custodian perform inventories?

Annually


Advances in technology never depend on advances in science?

(true or false)advances in technology never depend on advances in science


True or false a change in inventories is production minus sales?

False. A change in inventories is the difference between the ending inventory and the beginning inventory, not production minus sales.