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.
About Celine Dion. Canadian singer, Celine Dion has an estimated net worth of $380 million in June 2016, according to Forbes. She has made a career of singing emotional, no-holds-barred pop ballads like âMy Heart Will Go On,â her Grammy-winning theme to the movie Titanic.