What is the difference betwn "Inventory" and "Stock".
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Answer Posted / bilal
Stock and inventory are used interchangeably which is not correct.
STOCK pertains to goods only (goods for sale) , both in terms of quantity as well as its monetary value. Stock is the finished product that is sold by the business. In some cases, stock is also raw materials, if the business also sells those products to its customers. For example, a car dealership's stock includes cars, but also can include tires, engine parts or other car accessories.
INVENTORY is the sum of stock and assets that include plant and machinery etc. In other words, anything that goes into producing the items sold by your business is part of its inventory.
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