TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

GOODS RESALE INVENTORY [3 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2004-09-14

English

Subject field(s)
  • Inventory and Material Management
  • Financial Accounting
CONT

... in the periodic inventory system, the Inventory Over and Short account does not exist because there are no accounting records available against which to compare the physical count. Consequently, overages and shortages are buried in cost of goods sold(for inventories held for resale) or operating expense(for consumable inventories).

French

Domaine(s)
  • Gestion des stocks et du matériel
  • Comptabilité générale
DEF

Compte où est inscrit le nombre d'articles en trop ou en moins dans un relevé d'inventaire, afin de rendre les dossiers d'inventaire conformes au relevé effectif des stocks.

Spanish

Save record 1

Record 2 2001-08-21

English

Subject field(s)
  • Financial and Budgetary Management
  • Government Accounting
CONT

If the inventory had been held for resale, the debit entry would be to FRA "15210-inventories held for resale" with the credit entry to FRA "51325-Cost of goods sold".

French

Domaine(s)
  • Gestion budgétaire et financière
  • Comptabilité publique
CONT

Dans le cas présent, puisque les charges dépassent les revenus, une écriture de débit est effectuée.

Spanish

Save record 2

Record 3 1989-11-30

English

Subject field(s)
  • Taxation
CONT

Federal Sales Tax Inventory Rebate.... On implementation of the [Goods and Services Tax], many firms will be holding inventories of new goods for resale on which federal sales tax previously will have been paid. In order to avoid double taxation of these goods, rebates of the existing federal sales tax will be provided in respect of these items to firms holding them on a tax-paid basis on implementation.

French

Domaine(s)
  • Fiscalité
OBS

Terme utilisé dans le projet de loi relatif à la taxe sur les produits et services.

Spanish

Save record 3

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