INVENTORY TAG Definition

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INVENTORY TAG is a tag attached to inventory items that identifies the inventory items to aid in counting the physical inventory.

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NOT-FOR-PROFIT ACCOUNTING is the adherence to NFP ACCOUNTING STANDARDS. These standards are established by the Financial Accounting Standards Board (FASB) or the Government Accounting Standards Board (GASB). Additionally, the American Institute of Certified Public Accountants (AICPA) influences the accounting for nonprofit organizations with its industry and accounting guides and Statements of Position (SOPs).

TI could mean, among others, Total Income or Tenant Improvements.

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