ACCRUAL ACCOUNTING Definition

Bookmark and Share

ACCRUAL ACCOUNTING see ACCRUAL BASIS OF ACCOUNTING.

Learn new Accounting Terms

INVENTORY OBSOLESCENCE is when inventory is no longer salable. Possibly due to too much inventory on hand, out of fashion or demand. The true value of the inventory is seldom exactly what is shown on the balance sheet. Often, there is unrecognized obsolescence.

DOH is Days on Hand (inventory).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.