Hi guys, Welcome to the Advanced Video Search Engine, and you are watching INVENTORY & COST OF GOODS SOLD. That video is uploaded by Accounting Stuff at 2019-10-30T05:30:01-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [OB6RDzqvNbk]
| Name | INVENTORY & COST OF GOODS SOLD |
| Video Uploader | Video From Accounting Stuff |
| Upload Date | This Video Uploaded At 30-10-2019 12:30:01 |
| Video Discription | 💥Inventory (Merchandising Business) Cheat Sheet → https://accountingstuff.com/shop In this video you'll find out what Inventory means and how to account for it in a Merchandising Business. We'll cover the link between Inventory in the Balance Sheet and the Revenue & Cost of Goods Sold accounts in the Income Statement. This episode is part of a mini-series exploring Inventory in Accounting. You can find the link to the whole playlist here ⬇️ 🔗Full Inventory Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l31NY9Ecy-eFyrK6UiFzdtAi 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:55 - Manufacturing vs Merchandising Businesses 01:23 - Inventory in a Manufacturing Business 01:36 - Inventory in a Merchandising Business 02:12 - Why Inventory is an Asset 02:29 - Inventory Worked Example - Question 03:22 - Inventory Worked Example - Solution 08:41 - Recap 🔝 CLOUD ACCOUNTING SOFTWARE ▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N ▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7 ▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/thisisaccountingstuff/ 🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff OB6RDzqvNbk |
| Category | Education |
| Tags | inventory | merchandising inventory | inventory accounting | what is inventory | accounting for inventory | inventory tutorial | accounting basics | accounting stuff | revenue | cost of goods sold | income statement | balance sheet | inventory accounting tutorial | financial accounting | accounting | finance | inventory explained | manufacturing vs merchandising |
