Computer-assisted inventory control / Sharifah Rohaida Abd. Rahman

The organization which has recognize the impact of capital tied up in inventories will install automation that is the use of computers in controlling inventories. Inventory is the only factor which have impact on both the Balance Sheet and Profit and Loss account. In the Balance Sheet, it stands out as the most visible current assets in terms of dollar amount and liquidity value. While on the Profit and Loss account, the cost of goods sold is mainly comprised of materials.