What is inventory

Answers were Sorted based on User's Feedback



What is inventory..

Answer / sanmilan

Inventory in a Manufacturing Company relates to ‘Stock in
Hand’ at any Particular Date which could be of Finished,
Semi Finished or unfinished which can be treated as Current
Assets. High accumulation of Inventory is always risky since
it indicates locking up of Funds. So it should always be at
a reasonable level

Is This Answer Correct ?    11 Yes 0 No

What is inventory..

Answer / navjeet singh

inventory is goods produced by the company but being stored in the store room. means lying vacant not sold. inventory are current assets as they will fetch the company cash when sold.

Is This Answer Correct ?    3 Yes 0 No

What is inventory..

Answer / ramazan ali haidary

Inventory is the record of stock keeper for all goods in the
stock in terms of business period


regard
ramazan ali haidary
afghanistan

Is This Answer Correct ?    1 Yes 0 No

What is inventory..

Answer / manjunath

In manufacturing units inventory means unsold goods or
physical stock in stock yard and it is current asset for
particular company.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

Pls tell me the basic rules of accounts for interview in finanace or accounts section

0 Answers   Genpact, IBM,


What are the important things to be remembered while preparing a bank reconciliation statement?

0 Answers  


what is windows dressing final accounts?,sales a/c belongs to which a/c type?

0 Answers   Angel Broking, OPI Global,


How to determine the market value of a company and what factors are relevant to determine if the company is a viable investment in the long term?

1 Answers  


If we withdraw cash from OD account, is it contra entry or receipt entry

1 Answers   Zacher Company,






Payment made to creditors is a

1 Answers  


Cheque dishonoured by bank What will be the entry i tally?

2 Answers  


ten example of direct income

1 Answers   Genpact, HCL,


If any co. purchase goods from abc co. payment will made in advance. Can abc co. is creditor or not. Pls. answer.

1 Answers  


I Want to Submit My Income tax return by efilling Personally,Can it possible. if yes please send me your help to submit the same.I Can calculate my computation of income.

1 Answers  


is provident fund is liability or indirect expenses for employer???

5 Answers  


There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

0 Answers   CTS,


Categories