4/ Inventory = Unsold Goods
When you buy goods for resale, they don’t get expensed immediately (Instead, they’re added to inventory—a line on your balance sheet)
When you sell those goods, inventory only becomes an expense (called Cost of Goods Sold)
This prevents businesses from inflating losses by expensing everything upfront
Andrew Lokenauth
npub105…lu59e
2024-12-28 00:11:17 CET
in reply to nevent1q…6pxl
Author Public Key
npub1050hrq35yxtu64ssp0v2uuwsvwrrtk4zd2g6ml8yrf4wfww4ttgsalu59ePublished at
2024-12-28 00:11:17 CETEvent JSON
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