what is inventory and how can manage the inventory.
what is ledger and what difference in inventory and ledger.
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Answer / k hasan
the good for the purpose of sale remain at the end of the
financial period is called inventory.
ledger is book in accounting term were all same accounting
head realted transactions are recoded for calculating there
balance .
| Is This Answer Correct ? | 26 Yes | 1 No |
Answer / prathap
Inventory or stock refers to the goods and materials that a business holds for the ultimate purpose of sale or Resale.
Ledger is a set of accounts.It contains all accounts of the Business Enterprise whether Real, Nominal, Personal.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / imran maniyar
Inventory is a part of stock balance, which is shown in balance sheet end of financial year. & mentioned in good materials in business for sales resales or purchased.
Ledger is a part of account sets, for accounting purpose for creating balance sheet or p P& L account for known as the business financial situation
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / manikanta jagati
Hi there!
nventory is formed as RM>wip>FG. FG is accountable as opening stock, inputs, consumption, outputs, closing stock.
Ledger is an account prepared in books which may have debit or credit balance or may not be. Ledger is posted after having created Journal in the books. In accounting tools like Tally, if post J.e. then it automatically generates ledger accounts for the entries.
| Is This Answer Correct ? | 0 Yes | 0 No |
State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100
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