Posted 5/24/2013 08:56 (#3115040 - in reply to #3114169) Subject: Re: Balance sheet & Inventory on hand
NC Iowa
A balance sheet should remain somewhat stable throughout the year. That is not possible when you don't account for grain in storage or prepaid expenses.
If you sell grain that was in storage, your balance sheet should not increase, it just moves from current asset to cash balance.
Balance sheet & Inventory on hand
