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Answer Posted / vinay bhaurao pawar
Inventory is a list for goods and materials, or those goods
and materials themselves, held available in stock by a
business requirement. It is also used for a list of the
contents of a household and for a list for testamentary
purposes of the possessions of someone who has died. In
accounting inventory is considered an asset.
In business management, inventory consists of a list of
goods and materials held available in stock.
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