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What Is Inventory? Important Definition Examples

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Inventory is the stock of goods held for doing What is Inventory? Meaning definition Examples Meaning of Inventory


Let's notice out, What is inventory?

  1. Inventory is the stock of goods held for doing business.
  2. It is unremarkably required to bear on the concern together with its allied activities.

Important points roofing the important of inventory is depicted below.

production process.

  • Work inwards progress (WIP). For example, semi-finished goods.
  • Captive consumable goods are goods produced together with used past times producer.
  • Finished goods which are available for sale.

    • Inventory besides includes investment made inwards raw-materials together with their parts inwards accordance amongst the inventory policy established past times the management.


    Inventory is the stock of goods held for doing What is Inventory? Meaning definition Examples Definition of Inventory


    Inventory tin live on defined inwards many ways w.r.t unlike prespectives. Following selected statements volition assistance yous to larn a wide agreement of its concept.

    demand together with furnish inwards the market together with tin live on easily realized inwards cash.”

    Inventory is the stock of goods held for doing What is Inventory? Meaning definition Examples Examples of Inventory


    The examples of inventory of around major industries are depicted below.

    Inventory is the stock of goods held for doing What is Inventory? Meaning definition Examples

    Following are examples of inventory seen inwards 4 major industries:

    1. Automobile industry's inventory comprises of the full pose out of cars together with their spare parts.
    2. Consumable goods' inventory contains packets of wheat flour, cans of edible oil, etc.
    3. Electronic goods' inventory includes televisions, computers, mobile phones, air-conditioners, refrigerators, etc.
    4. Construction industry's inventory mainly covers residential flats together with commercial shops.

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