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]\
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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
Quinones
- Hydrocarbon rings which contain two moieties position. They can be substituted in any position except at the ketone groups.