Understanding Inventory Components
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ScribdTranslationsUnderstanding Inventory Components
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ScribdTranslationsVictor Ivan Caballero Rios
Inventory components
The Inventory consists of three parts, which are: Active capital, Passive capital and
Liquid capital.
ACTIVE CAPITAL
They are represented by the values that the merchant possesses.
Regarding its evolution and the state of its values, active capital is divided into:
Fixed asset
temporary, nominal asset and off-balance sheet asset.
FIXED ASSET.
It represents the values that have been acquired in order to use them in the
exploitation of the company, without the intention of reselling them or putting them in
circulation. These values are: Real estate or Real properties,
Construction, Furniture and utensils, Installations, Machinery, Tools,
etc.
CURRENT ASSETS.
Understand the values that are intended for the evolution of businesses.
These are: General merchandise, Raw materials, Manufactured products,
Agricultural products, Forestry products, Mining products, Livestock,
etc.
AVAILABLE ASSET.
It consists of the cash deposited in the Cash Register or in the Banks,
checks, sight drafts, etc.
RECEIVABLE ASSET.
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Understand all credits in favor of the merchant, short or long term,
documented or not. It therefore includes the following: Debtors in account
current, mortgage debtors, documents to collect, shareholders, etc.
TRANSITORY ASSET.
Represents the equity accounts of joint stock companies, such as: Dividends
provisional, Advances for future exercises, etc.
NOMINAL ASSET.
Includes all those abstract values, acquired by purchase or that
they represent an economic value that cannot be settled immediately.
These are: Business key, Factory or trade harca, Patent of
invention, concessions, etc.
ORDER ASSET
This groups together all accounts that do not modify Capital, because, when they appear
In the Assets, they have their counterpart in the Liabilities, representing operations.
for exchange, recorded so that the different ones are reflected exactly
transactions made.
The main ones are: Deposit of shares as collateral (Board), Deposit of
securities in custody, Value deposits in custody, Documents to collect for
cuenta de terceros, Documentos mancomunados, Valores recibidos en prenda,
etc.
Liabilities
It is made up of the merchant's debts, incurred during the evolution.
of their businesses.
It is divided into various classes, just like the active capital, which we have
analyzed, according to the greater or lesser evolution of the values that it
form and state in which they are.
These are: Flexible liabilities, Non-demand liabilities, and Subordinated liabilities.
DEMANDABLE LIABILITY.
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It includes all debts to third parties whose values must be
satisfied in a longer term
less long.
These are: Current account creditors, Mortgage creditors,
Obligations payable, Debentures, etc.
NON-DEMANDABLE LIABILITY.
It is made up of those accounts that, together with the balance of the
Losses and Gains serve to balance the general State, do they not?
constituting a debt against third parties, but rather the party responsible for the
covered businesses.
These are: Capital, legal reserves, statutory and optional reserves, etc.
ORDER LIABILITY.
Understand the accounts that, like the Order Asset, do not modify the Capital,
for having its counterpart in the Assets.
These are: Share depositors in collateral (Directory), Depositors of
securities in escrow, Depositors of securities in custody, Depositors of
documents for collection, Guarantors, Pledge creditors, etc.
LIQUID CAPITAL
It is the difference between active capital and passive capital, and represents the
true capital that the merchant possesses.
DEFICIT.
It is what the merchant would owe if he realized everything he owns and
he/she must pay, and will pay all that is owed, the assets not being enough to cover everything.
the passive.
Conclusion
The components of the inventory are of great importance since it is all
our company, the way the parts of the inventory are divided
to know them perfectly because each of them represents an expense already
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whether in favor or against the company and if there is control over this, it will be
a benefit for the owners since it is almost unlikely to have debts.
Bibliography
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