What is Inventory?
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Answer / arunima
any thing that is of future use and has some economic value
is called inventory. its of 3 types
*inventory of raw materials
*inventory of intermediate goods or semi-finished goods &
*inventory of finished products
| Is This Answer Correct ? | 54 Yes | 0 No |
Answer / nirakar
Inventory is the total amount of goods, items,materials,
etc. counted in a store or factory at any given time.
Owner or Mgr.of the organization to know the daily,
weekly, monthly and also annually report of items. How much
products are available and sales need to customer an orders
and even knows to place an order.
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / kirti sagar singh
inventory is goods or things of which a organization do
business and which is still unsold.it may be finished
googs, semi-finished goods and raw materials, etc.
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / gopikrishna
genrally inventory means stock it may be differ one
organisation to another it consist of sevaral information
about goods
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / malina
The term "inventory" means tangible property held:
a) For sale in the ordinary course of business.
b) In the process of production for such sale.
c) For consumption in the production of goods or services
held for sale including maintenance supplier & consumables
other than machinery spares.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / rajesh
Inventory division in which the Raw Products
needed to finish a final and desired product is kept and
maintained.provided it has some economic value
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / nikita gupta
Inventory means Stock. when co. has those stock which are
underprocessed/W.I.P. it known as inventory.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / pooja sachdeva
ideal resource of any kind that can be kept for future
use , provided it has some economic value..
kept 4 smooth functioning of the organisation.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / guddeti raveendra reddu
inventory are tangible property which is held for sale is
the ordinary course of actions.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ravinder attri
Inventory are that material which we purchase for selling.
In Manufacturing Unit it can be in three form 1. Raw 2.
Semi Finished and 3. Finished. But in the Trading unit it
always in finished form.
| Is This Answer Correct ? | 1 Yes | 0 No |
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