What does inventory affect in a store?

Question

Inventory levels and their values can affect the income of the store, the amount of taxes paid, and the total stocking cost.

Md Fazlur Rahman · Answer

In accounting, inventory is recorded as current asset but it does not generate any profit. In fact, store is place of wastage and inefficiency but a necessary evil to run a business. So, we need to keep the inventory to a minimum level in order to support business as well as to minimize wastage

Omar Saad Ibrahem Alhamadani · Answer

Thanks

Fully agree with Mr. Fazlur's answer

Vinod Jetley · Answer

Inventory is one of the factors that you can control to improve your profitability. The way you source and manage inventory can impact the different profit levels of your income statement. Ignorance of how to use inventory to your advantage prevents you from maximizing operational efficiency.

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What does inventory affect in a store?

Inventory levels and their values can affect the income of the store, the amount of taxes paid, and the total stocking cost.

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