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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 |
why should we treat closing stock credit side in trading account , and why the reason the closing stock should not appear in the trial balance ?
3 Answers Capital IQ, XL Dynamics,
What is band and why the company needs this?
zerobase budgeting
What is the meaning of Trial Balance.
What is current ratio?
3 Answers Hyundai, State Bank Of India SBI,
How Accounting is useful to Business
what is the three basic rule of journel
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while we are paying salary what wil be the entry for tds deduction
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
ADR
contingent goods?
Audit 
