Accounts (PCC)
This query is : Resolved
01 January 2009
What is difference between Inventory & stock Both phases Theorically as well as Practically?
CA Chaitanya
(Expert)
01 January 2009
Inventory in a broad term and it includes the stock in trade.
Message likes :
1 times
CA Chaitanya
(Expert)
01 January 2009
As per Accounting Standard 2, Inventory includes raw materials, work in progress and stock of finished goods.
Message likes :
1 times
CA Chaitanya
(Expert)
01 January 2009
Stock is a word generally used for raw materials and finished goods.
Message likes :
1 times
02 January 2009
Both are interchangeable. No, much difference.
But sometimes, the word "stock" would mean "equity stock or preferred stock". i.e. equity shares or preference shares
But sometimes, the word "stock" would mean "equity stock or preferred stock". i.e. equity shares or preference shares
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
