Is inventory and stock is same thing
This query is : Resolved
02 October 2023
is inventory and stock is same thing according to schedule III.
02 October 2023
Yes, it's the same thing.
In summary, stock is the supply of finished goods available for sale, and inventory includes both finished goods and components that create a finished product. In other words, all stock is inventory, but not all inventory is stock.
In summary, stock is the supply of finished goods available for sale, and inventory includes both finished goods and components that create a finished product. In other words, all stock is inventory, but not all inventory is stock.
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