How many types of inventories are there for a company ?
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Answer / pradeep gunuguntla
Raw Material
WIP ( work in progress)
Finished Goods
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / h.r. sreepada bhagi
In a manufacturing Company:-
1. Raw Materials 2. packing Materials 3. Work-in-process 4.
Finished Goods and 5. Stores and Consumables
In a trading or retail company:-
1. Trading Goods
Type of stock vary from industry to Industry like Agro
Industries, Live stock companies, Poultry Industry, Mining
Industry and so on.
It is specific to the industry to which the company belongs.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sunjay mp
RAW MATERIAL
SEMI FINISHED GOODS(Excise duty is Depending on Goods)
FINISHED GOODS(Excise duty payable)
| Is This Answer Correct ? | 0 Yes | 0 No |
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