ACCRUED INVENTORY Definition

Bookmark and Share

ACCRUED INVENTORY functions as a "clearing" account to establish a liability for inventory physically received into the warehouse, but for which a vendor invoice had not yet arrived.

Learn new Accounting Terms

FOOTING, in accounting, is the sum of a column of figures.

COST OF CAPITAL/FUNDS is the rate of return that a business could earn if it so chose other investments with the equivalent risks. Also can be stated as opportunity cost of the funds used due to the investment decision.

Suggest a Term

Enter Search Term

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