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.
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∙ 15y agoWhat is the difference between fixed asset and inventory
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.
in fact there is no diff.
periodic takes place on an irregular schedule where perpetual is a constant state of inventory
Actually there is no difference between Inventory holding cost and carrying cost. Its like, you will be able to hold the inventory only when you carry it. So whether you hold the inventory for one year or carry it for one year both are same
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.
Virtual inventory refers to products that are listed for sale online but may not actually be in stock or stored in a physical location, whereas physical inventory refers to products that are physically stocked and stored in a warehouse or store. Virtual inventory allows businesses to offer a wider range of products without holding physical stock, while physical inventory involves managing stock levels to meet customer demand.