Inventory consists of the products you sell to customers. Receivables, or accounts receivable, are the outstanding balances you have yet to collect for sales made on credit. Although inventory and ...

If your business buys goods and offers them for resale, your inventory will factor into your balance sheet as part of cost of goods sold (COGS). If you buy less inventory, your income statement figure ...

What Is An Income Statement? An income statement lists a company’s income, expenses, and resulting profits over a specific time frame, usually a quarter or fiscal year. Companies create income ...