what is inventory and how can manage the inventory.
what is ledger and what difference in inventory and ledger.

Answers were Sorted based on User's Feedback



what is inventory and how can manage the inventory. what is ledger and what difference in inventory..

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

what is inventory and how can manage the inventory. what is ledger and what difference in inventory..

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

what is inventory and how can manage the inventory. what is ledger and what difference in inventory..

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

what is inventory and how can manage the inventory. what is ledger and what difference in inventory..

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

Post New Answer

More Audit Interview Questions

Expand---------BRPT

1 Answers  


what is the accounting test that is giving by Deloitte before technical interview? i am done with the first interview and aptitude test and now i am asked to take accounting test. what is it?

0 Answers   Construction, Deloitte,


What are the different types of audits?

0 Answers  


which of the following procedure would auditor lease likely perform in planning a financial statement audit?

0 Answers  


What is Cash Flow statement? How it can be prepared from Opening & Closing Trial Balance?

1 Answers  






What is the meaning of STP?

15 Answers   IBM, STP,


Describe a situation where you had to work in a group ?

0 Answers   Ernst Young,


what is the difference between EPS and diluted EPS?

5 Answers   D&B,


What is caro 2004?

0 Answers  


A company paid Mr.R an advance payment of Rs 5000 as tour allowance. After the tour R, submitted travel bill with a expense of Rs3000. He return Rs 1000 and claimed to pay the rest 1000 on a future date. Please pass the journal entries.

6 Answers  


Explain the basic principles of an internal audit controlsystem?

0 Answers  


Why you want to be a auditor?

0 Answers  


Categories