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Current Accounts

The aggregate amount of the assets owned (and controlled) by an entity such as cash, cash equivalents, accounts receivable, inventory…

Total Current Assets

The aggregate amount of the assets owned (and controlled) by an entity such as cash, cash equivalents, accounts receivable, inventory…

Measurement

The determination of the monetary amount at which an asset/ liability is to be recognized in the balance sheet using...

Inventory Profit

Profit that results from appreciation of the value of assets held in inventory. By nature, inventory does not relate to...

Shrinkage

An umbrella term that is usually used by retailers for inventory lost via clerical error, damage, shoplifting., or even employee...

Inventory Credit

The use of inventory as collateral to raise finance in lieu of traditional types of collateral such as land or...

Inventory Turnover

An activity ratio (turnover ratio) that analyzes how effectively a company uses its inventory. It measures the number of times...

Quick Ratio

A financial ratio that is originally derived from the current ratio by omitting inventory from current assets: Inventory is the...

Inventory

An asset that is held for sale, separately or as part of other assets, in the normal course of business....

ABC Inventory Classification

An accounting method that is applied as an inventory control for the practical purpose of categorizing inventory by order of...