what are different inventory and stock.

Answer Posted / shyamgoud786

The combination of raw material,work in progress, and finished goods is called Inventory.



Stock means the finished goods,which are ready for sale.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

1562


What are the different types of gst?

635


Anti Takeover policies

1674


Why we debit expenses and credit incomes ?

1275


What is meaning of invoice?

691






What is the meaning of scrap value in accounting?

717


Tell me why do you apply for a job of an account executive?

647


What is partnership accounting?

632


what is the entry for toll gate fee

7477


What are the columns of a journal?

668


how to prost entry for purchases with a bill

1493


What is the procedure of submit bank guarantees and cancellation.

2053


dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1032


goods worth rupees 440 distributes free among the poor?

1601


Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?

1474