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In Accounting point of view describe the following : 1) NET 2)INVENTORY 3)TEMPORARY ACCOUNT 4)BURN RATE

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Question added by Zainul Abid , Office In Charge , Bin Sari Specialized Technologies W.L.L
Date Posted: 2014/09/01
Zainul  Abid
by Zainul Abid , Office In Charge , Bin Sari Specialized Technologies W.L.L

Net :it is the combination of +ve and -ve figure for eg;-the amont netsale is the combination of gross sale , s/r , sales discount

INVENTORY : it is the companies good on hand which is often a current Asset

Temporary Account : it is a general ledger account that begins each accounting Year with zero balance 

Burn Rate : it is a measure how fast a company will use up its share holders capital.

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