PERIODIC SYSTEM OF INVENTORY
\pˌi͡əɹɪˈɒdɪk sˈɪstəm ɒv ˈɪnvəntɹˌi], \pˌiəɹɪˈɒdɪk sˈɪstəm ɒv ˈɪnvəntɹˌi], \p_ˌiə_ɹ_ɪ__ˈɒ_d_ɪ_k s_ˈɪ_s_t_ə_m ɒ_v ˈɪ_n_v_ə_n_t_ɹ_ˌi]\
Sort: Oldest first
-
When a company has some stocks which are up for sale, the company will show them on its balance sheet. These stocks will be shown on the financial statement once a sale has been completed. This is known as the periodic system of inventory.
By Henry Campbell Black
Word of the day
Mustagh Range
- a mountain range in northern Kashmir; an extension of the Hindu Kush; contains 2nd highest peak