Inventory (Recording, Reporting, and Auditing)

Inventories are assets held for sale in the ordinary course of business, in the process of production for such a sale, and in the form of materials or supplies to be consumed in the production process or the rendering of services. This presentation will give you a detailed idea about inventories including recording and reporting the inventories in the financial statements. This presentation will also give you a guideline to audit the inventories of an entity.

Inventory (Recording, Reporting, and Auditing)- OG_V2

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