Today, in terms of associating enamel with latex, such as a latex flat enamel, it would indicate an increased level of durability. Consider the presence of enamel as promoting a relative degree of hardness: For instance, a latex flat enamel would produce a harder film than regular latex. The benefits of using an enamel paint include: Scrubbability - the ability to more easily clean difficult stains off walls.
Liquidation value. Liquidation value is the likely price of an asset when it is allowed insufficient time to sell on the open market, thereby reducing its exposure to potential buyers. Liquidation value is typically lower than fair market value.
You need to reduce your inventory for the value of the items sold, with the offsetting entry to a cost-of-goods sold account. Your cost-of-goods sold account is an income statement account. You have now affected your profit and loss.HARE SHARE TWEET EMAIL. Inventory is an asset and as such, it belongs on your statement of assets and liabilities. Because assets do not appear on the profit and loss statement, the mechanics involved in inventory account can be confusing.