With inventory, the item is coded to an asset, a cost of goods sold, and an income type account. As the items are purchased (on the items tab of a bill, check, credit card charge, etc) the inventory balance is increased for the quantity and cost of the item on the balance sheet.
WATCH: Celine Dion's Husband Rene Angelil Dies at 73. It looks a lot like RenÃ©, he had cancer of the throat, tongue and brain, Claudette said of her brother's condition. Our family is very experienced.. He is 59 years old, very young to be the end of life, she added.
Celine Dion will not be resuming her residency in Las Vegas until February after the tragic death of her husband RenÃ© AngÃ©lil, who lost his battle against cancer on Thursday aged 73.