Financial statements for a durable goods company Chicago Illinois

Chicago Small Business Accountant

Updated July 24, 2015
 
Durable Goods Company Financial Statements Chicago Illinois
 

The main difference in these types of financial statements is inventory. The problem is generally a valuation issue.

 

If your in the business of selling used automobiles then you have an inventory which in general, will go down in value every single day that it sits on your lot. If you were in the business of selling fresh fruit, it doesn’t generally decrease incrementally. It can either be sold, or it spoils and is a complete write-off.

 
If you are having problems with your Durable Goods Company Financial Statements Chicago Illinois or have issues with your accounting in general, we would love to help. I enjoy hearing from my readers, and can be contacted at
 
Chris@AccountingSolutionsltd.com
 
Additional Accounting Articles and information on my firm can be found at
 
www.AccountingSolutionsLtd.com
 
Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals

Chris Amundson is President of Accounting Solutions Ltd. located in Chicago, Illinois

Chicago Accounting Firm & Tax Solutions for Small Businesses

Last updated on September 24, 2015
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