If you drink a large (250ml) glass of wine, your body takes about three hours to break down the alcohol. If you drink one pint of beer, your body takes about two hours to break it down. One pint of strong lager is equivalent to three units, so this will take longer.
General Asset Differences. As a current asset, inventory is different from long-term assets in that it is typically acquired and sold within twelve months. Accounts receivable, cash and other marketable securities are other examples of current assets.
Keeping an eye on your assets and liabilities is a critical part of running your small business. Inventory, the physical goods you sell or use to make your product, is an asset. You report inventory on your balance sheet when preparing financial statements that review your company's financial health. Inventory has impact beyond the balance sheet, however.