Saturday, June 22, 2019

Inventory Received Not Billed Current Liability on Balance Sheet

Inventory Received Not Billed is an account that is used as a holding account when Inventory is Received and needs to be Billed or when Inventory is Billed and needs to be Received.

This account is classified as Current Liability. Therefore, this account will show on Balance Sheet under Current Liabilities section.

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