When a company has some stocks which are up for sale, the company will show them on its balance sheet. These stocks will be shown on the financial statement once a sale has been completed. This is known as the periodic system of inventory.
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When a company has some stocks which are up for sale, the company will show them on its balance sheet. These stocks will be shown on the financial statement once a sale has been completed. This is known as the periodic system of inventory.
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