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.
Canadian singer Celine Dion (R) and her husband Rene Angelil (L) pose next to their figures at the Grevin wax museum on May 22, 2008 in Paris, during a presentation of the waxwork. Dion was awarded today with France's Legion d'Honneur during a ceremony at the Elysee Palace in Paris.