Balance Sheet Definition & Examples Assets = Liabilities + Equity
Inventory includes amounts for raw materials, work-in-progress goods, and finished goods. The company uses this account when it reports sales of goods, generally under cost of goods sold in the income statement. An asset can be cash or something that has monetary value such as inventory, furniture, equipment etc. while liabilities are debts that need […]
Balance Sheet Definition & Examples Assets = Liabilities + Equity Leer más »