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What is the difference between expense item and inventory
item ????
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Answer / durga prasad
Expense item- It is the item which is not for sale.
(Inventory - It is a Godown where material is stored)
Inventory item- It is the item which is available in
inventory.
| Is This Answer Correct ? | 28 Yes | 7 No |
Answer / sandeep som
Expence Item is the captive consumption of the organisation
and it will not be tranferred to the inventory hence will
not hit the inventory valuation account.
Inventory Item will hit the inventory as well as inventory
valuation account and it will be used in production of
finished goods.
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / raghav bhushan
Expense Item -- Expense Item is an Non Inventorized and Non
Stockable Item, Receiving of Expense item is possible only
by Direct Delivery.
Inventory Item -- Inventory Item is an Inventorized and
Stockable Item, Receiving of Inventory Item can be done by
any of the receiving routing
1.Direct Delivery
2.Standard Delivery
3.Inspection Required
| Is This Answer Correct ? | 20 Yes | 11 No |
Answer / suresh
Inventory item: Costing is enabled in item attribute
Inventory is enabled in attribute
Inventory assert value enabled in item attribute
Expense item:Costing,,,inventory...Inventory assert value all are disabled
There is no charge account for expense account....
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / imran
An inventory items is a part or service you purchase, sell,
manufacture etc
and
An expense items are used to or support to run inventory items
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / ashish srivastava
Inventory Item:- Inventory Items are those Items for which
we maintain the Inventory/Stock. and Consume in Production
Expense Item: These Items have No Stock Available in System
its directly consume after the delivery of Item. Mainly
these are Capital Items which is used as a asset of the
company.
| Is This Answer Correct ? | 7 Yes | 7 No |
Answer / sham
expense item : items which are required for execute the
process of main production but not the BOM part are called
the expense items.
Inventory Items: means items in the stock required for the
production or process.
| Is This Answer Correct ? | 10 Yes | 13 No |
Answer / menaka
Items that cannot be a part of the BOM is expense item and
items that are a part of BOM is inventory item
| Is This Answer Correct ? | 5 Yes | 9 No |
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