Difference between revisions of "Inventory Valuation"
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| − | '''Inventory Valuation''' is an accounting practice that is followed by companies to find out the value of unsold inventory stock at the time they are preparing their financial statements. Inventory stock is an asset for an organization, and to record it in the balance sheet, it needs to have a financial value.<ref>Definition - What is Inventory Valuation? [https://www.zoho.com/inventory/guides/inventory-valuation-methods-fifo-lifo-wac.html Zoho]</ref> | + | '''[[Inventory]] Valuation''' is an [[accounting]] practice that is followed by companies to find out the [[value]] of unsold inventory [[stock]] at the time they are preparing their financial statements. Inventory stock is an [[asset]] for an [[organization]], and to record it in the balance sheet, it needs to have a financial value.<ref>Definition - What is Inventory Valuation? [https://www.zoho.com/inventory/guides/inventory-valuation-methods-fifo-lifo-wac.html Zoho]</ref> |
Revision as of 16:43, 6 February 2021
Inventory Valuation is an accounting practice that is followed by companies to find out the value of unsold inventory stock at the time they are preparing their financial statements. Inventory stock is an asset for an organization, and to record it in the balance sheet, it needs to have a financial value.[1]