View source for Ending merchandise inventory

[[Ending merchandise inventory]] ([[ending inventory]]) is the cost of goods that remain unsold at the end of the [[accounting period]]. It is an asset on the new [[balance sheet]].


==Definitions==
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
:[[Ending merchandise inventory]] ([[ending inventory]]). The cost of goods that remain unsold at the end of the [[accounting period]]. It is an asset on the new [[balance sheet]].

==Related concepts==
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].

==Related lectures==
*[[Principles of Accounting]]. 

[[Category: International Accounting]][[Category: Articles]]