What does inventory mean and how do you use it to create the inventory and balance sheet? Simply explained!

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Herr Tafelschwamm

Published on Jun 16, 2024
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Inventory is the physical recording of assets and liabilities in order to determine net assets (equity). The inventory presents these items in tabular form in order to then create a balance sheet and thus uncover and balance possible inventory differences. ____________________________ 0:00 Introduction 0:08 What does inventory mean? 2:40 Activities involved in inventory 5:27 Example of an inventory 7:41 Inventory differences ____________________________ I really hope that this video has helped you to understand the topic better :) Since I am certainly not infallible, I am always grateful for praise and criticism so that I can do it either just as well or even better next time 😉 If you have any topic requests because you have a test or an exam coming up or you simply want to know more about a particular topic, then feel free to write to me in the comments under the videos or directly by message on Instagram: @herrtafelschwamm / herrtafelschwamm Attached you will find a few playlists that might also help you. I will gradually expand the playlists, as I still have countless videos in my head that I would like to implement 😉 Videos on external accounting / posting records and posting on T-accounts: • Basics of external accounting... Exercises on external accounting as preparation for class tests: • Exercises on external accounting... Videos on cost and performance accounting (KLR): • Cost and performance accounting - From the... Videos on business administration: procurement and warehousing: • Business administration: procurement and warehousing - V... Videos on business administration: financing and investment • Business administration: investment and financing - A...

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