CHAPTER III
inventory classes
- 1. Beginning inventory
- 2. Inventory Inventory closing or final special
- 3. Special
- 4. Inventory sheets
1. Beginning inventory is done when the company opened its activities, is the origin of the accounts, determining the first game of each.
2. Closing or ending inventory is done at the end of a fiscal year, determining their assets, liabilities, and capital resources owned by the company (as at 31 December each year).
3. Special inventory only is made a part of assets and liabilities of the company in order to understand the situation.
4. Inventory sheets is a way to enhance detail, these sheets have to be legalized so they can be filled.
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