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What is inventory
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Answer / sanmilan
Inventory in a Manufacturing Company relates to ‘Stock in
Hand’ at any Particular Date which could be of Finished,
Semi Finished or unfinished which can be treated as Current
Assets. High accumulation of Inventory is always risky since
it indicates locking up of Funds. So it should always be at
a reasonable level
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Answer / navjeet singh
inventory is goods produced by the company but being stored in the store room. means lying vacant not sold. inventory are current assets as they will fetch the company cash when sold.
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Inventory is the record of stock keeper for all goods in the
stock in terms of business period
regard
ramazan ali haidary
afghanistan
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Answer / manjunath
In manufacturing units inventory means unsold goods or
physical stock in stock yard and it is current asset for
particular company.
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on the basis accounting,acounting is divided in to how many classes and what are they?
During the Interview in a Company the Interviewer asked me that Why the Depreciation Rate as per Income Tax Act & Companies Tax Act differs, please answer this quetion ?
If any company paid taxi fare to staff for special work how can i post it in tally example if Ram get 500 for taxi fare to return home late night due to official work.
why loose tools are not treated as current asset?
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
if the chq is dishonored which entry will be passed???????? give example entry
What is Tax Groups
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.
what do you mean by margin of safety
What is the difference between issued capital and subscribed capital?
purchase return liability or asset?should it be included in the balanced sheet?
Audit 
