Inventory accounting is one of the key or primary areas in the world of accounting with a focus on the asset side of the books. As the name suggests, the inventory account deals with values and accounts that are associated with assets kept in inventory. In a manufacturing business, for example, inventory accounting accounts for…
Archives for July 20, 2022
What is Inventory Accounting?
Inventory accounting is one of the key or primary areas in the world of accounting with a focus on the asset side of the books. As the name suggests, the inventory account deals with values and accounts that are associated with assets kept in inventory. In a manufacturing business, for example, inventory accounting accounts for…
