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Book Reports

 

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September 12, 1997

 

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Inventory is the stock of goods that a company has at any point of time. Receivables include the debtors of the company, i.e., it includes all those accounts which are to give money back to the company. Other current assets include all the assets, which can be converted into cash within a very short period of time like cash in bank etc...
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Other current assets include all the assets, which can be converted into cash within a very short period of time like cash in bank etc. Equity Share capital is the owner's equity. It is the most permanent source of finance for the company. Reserves include the free reserves of the company which are built out of the genuine profits of the company...
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