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

CONVERTIBLE NOTE see CONVERTIBLE DEBT.

COMPANY LIMITED BY GUARANTEE is where the liabilities of the members will be restricted to the amount each agrees to contribute to the assets of the company in the event of dissolution or liquidation.

Suggest a Term

Enter Search Term

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