Current Assets: Part II :

This book is the fourth of fifteen books which introduces the basic principles of accounting, focusing primarily on liquid assets. Accounts receivable, costs and benefits of selling on credit, considerations for uncollectible receivables, notes receivable and interest are also discussed. In addition, the fundamentals of inventory costing methods and ratio analysis are introduced. Key Inventory methodologies are introduced, FIFO, Average Cost, Lower-of-Cost-or-Market.