Inventory Accounting

Carriage Inwards and Carriage Outwards

Understanding Carriage Inwards and Carriage Outwards In the world of accounting, it is important to understand the different types of expenses that a company can incur. Two expenses that are often confused are carriage inwards and carriage outwards.…


Base Stock Method

What is the Base Stock Method? The Base Stock Method is a popular inventory management technique used by businesses to control their inventory levels and prevent stockouts. It is a simple, yet effective method that helps businesses to balance the tr…


Introduction to Backflush Accounting

What is Backflush accounting? Backflush accounting is a method of inventory and production management that aims to streamline and simplify the accounting process by "flushing" out or eliminating the need for some traditional inventory trac…

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