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 .
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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.
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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
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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.
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