What is the difference betwn "Inventory" and "Stock".
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Answer / jagat narayan giri
The literal meaning of both the terms are taken to be the
same. When the goods are kept in the warehouse to be
released to the shop for selling it is called as INVENTORY.
When inventory comes into the shop for selling to the
ultimate consumers it is known as stock. In other words,
goods when in warehouse/godown are called INVENTORY and on
the other hand goods when in the shop for sales are called
STOCK. To conclude, Inventory is the phenomenon between
warehouse/godown and shop/selling point. Stock is the
phenomenon between shop/selling point and the buyers
ultimate consumers.
| Is This Answer Correct ? | 69 Yes | 25 No |
Answer / ngwavi samuel
Normally the two words are used interchangeably in procurement and supply chain activities. Bt the quite difference between the two are: Stock refers to the physical itens that are present/available in your store, While Inventory refers to the list of items with their quantities that are present in your store/Warehouse.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / 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.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / pacchu1124
Difference Between Inventory and Stock
• Stock and inventory are used interchangeably which is not correct
• Stock pertains to goods only, both in terms of quantity as well as its monetary value
• Inventory is the sum of stock and assets that include plant and machinery
| Is This Answer Correct ? | 5 Yes | 5 No |
Answer / anand upadhyay
The difference between stock and inventory is that stock is
what you have if you're selling items.
Inventory includes what you have as your belongings.
| Is This Answer Correct ? | 13 Yes | 23 No |
Answer / mukund
In common usage both are same but inventory is the range of items a company has (Ex:Item A, Item B, ... Item n)
and stock is the quantity of each range the company has
(Ex: Item A=59, Item B = 12).
| Is This Answer Correct ? | 11 Yes | 22 No |
Answer / devaraju.r
In simple word , there is no much difference between
inventory and stock .
But in certain case and depending on the analysis it may
vary .
| Is This Answer Correct ? | 13 Yes | 28 No |
Answer / aparajita
thanks for ur short question'brought ans...CHANDU
| Is This Answer Correct ? | 9 Yes | 26 No |
Answer / ambrish
difference between inventory & stock is that inventory can be defined as tangible property held for sale in the ordinary course of business,or in the process of production for such sale, or for consumption in the production of goods or services for sale whereas stock means the quantity of physical goods which are not held for sale.
| Is This Answer Correct ? | 11 Yes | 28 No |
Answer / sunilkumar
STOCK IS THE PART OF INVENTORY
STOCK MAY ASSET
BUT INVENTOR NOT INCLUED ASSET
| Is This Answer Correct ? | 6 Yes | 40 No |
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
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