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What is the difference betwn "Inventory" and "Stock".
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Answer Posted / jagat narayan giri
The literal meaning of both the terms are taken to be the
same. When the goods are kept in the warehouse to be
released to the shop for selling it is called as INVENTORY.
When inventory comes into the shop for selling to the
ultimate consumers it is known as stock. In other words,
goods when in warehouse/godown are called INVENTORY and on
the other hand goods when in the shop for sales are called
STOCK. To conclude, Inventory is the phenomenon between
warehouse/godown and shop/selling point. Stock is the
phenomenon between shop/selling point and the buyers
ultimate consumers.
| Is This Answer Correct ? | 69 Yes | 25 No |
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