Noncurrent assets

Noncurrent assets are the assets that are expected to be converted into cash after a year or normal operating cycle, … More


CURRENT LIABILITIES Accounting for Current Liabilities 1. Current liabilities: Liabilities that are expected to be paid within a year or … More

Inventory Recording Systems

Inventory Recording Systems Periodic inventory system Perpetual inventory system   ©  

Inventory Analysis

Inventory Turnover Ratios 1. Inventory turnover ratio = Cost of goods sold / Average inventory 2. Days in inventory = … More