Meaning & working

Yes it means Stock in hand minus creditors.

Well, I never heard about the term "PAID STOCK" related with our goods or FINISHED GOODS anyhow.

What I understand with PAID STOCK is,

it is PAID UP CAPITAL, that means the total amoutn paid by the SHARE HOLDERS against the Equity or Preferance Shares issued to them.

Let wait for other answers also.

Regards,

Abhi