By Roy on May 29, 2010
The cost of goods sold inventory is matching with the inventory in the current accounting period. The cost of goods sold inventory = Opening inventory + Purchases – Closing inventory.
Posted in Current assets |
By Roy on May 29, 2010
Some friends may ask what is the depreciation inventory, or the relationship between the depreciation and the inventory. Actually, it’s a simple easy question.
Posted in Current assets |
By Roy on May 29, 2010
Closing inventory appears on the balance sheet as an asset. In some countries inventory is referred to as ‘stock’.
Posted in Current assets |
By Roy on May 28, 2010
The balance carried down (c/d) is a balance at the end of the accounting period which will be entered on the balance sheet representing closing balance. It’s also brought down (b/d) at the beginning of the following accounting period, representing the opening balance for the next accounting period.
Posted in Current assets |
