It is generally recognized that a major objective of accounting for inventory is the proper determination of

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03-07-2021
Business

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It is generally recognized that a major objective of accounting for inventory is the proper determination of

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andromache andromache · Answer 1 · 2021-07-05T22:08:43-04:00

andromache andromache

05-07-2021

Answer:

Net income

Explanation:

The main objective of an accounting with respect to the inventories is determining of an income via the matching principle where the revenues are matched with the expenses incurred

So as per the given situation, the net income should be considered and relevant

Therefore it is to be correct term that should be used here

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