2006-07-21 13:06:36 · 4 answers · asked by Jose T 1 in Business & Finance ➔ Other - Business & Finance
I've never actually heard this term, but I believe it's costs associated with inventory that aren't payable to the manufacturer of the inventory goods but are payable to a separate vendor. An example would be freight or storage costs paid to an independent trucker or warehouse. The total of all costs would be the value of the inventory on the company books.
2006-07-21 13:18:48 · answer #1 · answered by rosecitylady 5 · 1⤊ 0⤋
Do you mean accounts payable non-inventory?
A non-inventory item is a product that is purchased and/or sold but whose quantity is not tracked. A non-inventory item might be a product purchased for company use or a custom product purchased for a job.
Office supplies may be non-inventory items
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2006-07-21 21:08:33 · answer #3 · answered by john m 1 · 0⤊ 0⤋
hmm i don't know.... accounts payable are accounts apyable(liability), inventory is inventory (asset).
2006-07-21 20:11:52 · answer #4 · answered by KATЯ 3 · 0⤊ 0⤋