Accrued Inventory functions as a temporary account in order to establish a liability for the physical inventory received when a vendor invoice has not yet arrived. The calculation is determined by: 1) estimating the current inventory 2) subtracting the costs of the average inventory and goods sold from the cost of the original inventory.
Rating
|
|
Average rating:
4.7
Number of Ratings : 3
|
|
|
|
View Topic History
|