If you drink a large (250ml) glass of wine, your body takes about three hours to break down the alcohol. If you drink one pint of beer, your body takes about two hours to break it down. One pint of strong lager is equivalent to three units, so this will take longer.
General Asset Differences. As a current asset, inventory is different from long-term assets in that it is typically acquired and sold within twelve months. Accounts receivable, cash and other marketable securities are other examples of current assets.
When you purchase inventory, the cost of it is recorded in the Inventory Asset account. When the item is sold to a customer, a cost of goods sold is created and the inventroy asset amount is reduced. If your cost of goods sold is over-stated, a good place to start is to drill down on your cost of goods sold from the Profit and Loss report.