Register now or log in to join your professional community.
goods which is ready for sale is knwon as stock and goods and material that is in process is known as inventory
This are two words actually means the same,they both deal with what we have in the warehouse and its summarized in the report.
While stock deals with products that are sold as part of the business's daily operation,inventory includes sale products and the goods and materials used to produce them...
Stock and Inventory both are same two side of a coin.The stock relates to the finish goods or the products which are manufactured and sold in the daily operation of business.As far as concern of inventory its used to manufactured that products or stocks i.e Raw Material Inventory
Both are same however in business it is used differently , example given :
While stock deals with products that are sold as part of the business's daily operation.
inventory includes sale products and the goods and materials used to produce them.
I think you can use both for goods sold, but inventory would include all miscellaneous items of the company
stock deals with products that are sold as part of the business's daily operation, inventory includes sale products and the goods and materials used to produce them. For example, the cars, car parts and accessories are sold during normal business practices, but the machines that run diagnostic tests on cars or the car lot itself are not. Inventory takes in account all of the assets a business uses to produce the goods it sells and determines the sale price for the stock. The stock determines the amount of revenue a business generates. The more stock that is sold, the higher the revenues.
Products that are sold in any business`s daily operation are called "STOCK"
Inventory includes sales product, Goods and material.
