What is the difference between fixed asset and inventory
in fact there is no diff.
Stock is the goods or items held by a business (shop, warehouse, factory, etc). An inventory is a list of the stock held by the businesses listed above.
periodic takes place on an irregular schedule where perpetual is a constant state of inventory
* Inventory: A concept of having something stored. * Warehouse: A building to store goods in.
Shrinkage is the difference between the stock on the inventory book and the actual physical stock. Shrinkage is also deifned as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock. Shrinkage % is calculated as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock by the retail sales of this volume
To my opinion Inventory coordinator is a person who monitors the material movement from one place to another (intransit stock monitor) untill it reaches from source to destination AND Inventory analyst is a person who take the physical stock of inventory and places the order or prepare a report/decision that which inventory to be sent or to be received. Also ageing of the stock etc.
Their is no Difference
What is the difference between fixed asset and inventory
account only particular ledger ,account with inventory deals with item and groups of item In account only we cannot deals with stock entry ,But in accounts with inventory we can deal with stock entry . Account only deals with firm.But Accounts with inventory deals with manufacturing and trading.
what is definition of inventory? what is the difference between inventory and asset?
in fact there is no diff.
Stock is the goods or items held by a business (shop, warehouse, factory, etc). An inventory is a list of the stock held by the businesses listed above.
Inventory need for the ongoing process and kept at a level that production will not be affected. Inventory kept for emergencies, or as a buffer for a sudden a surge in demand. Inventory that is only needed for one season, after which it is sold off or stored off-site.
no difference
There is no different between the two measurement.
No difference. A unit of stock is called a share.