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Different between stock and inventory

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Different between stock and inventory

Posted by Akash Kumarakash 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

☘Megha Seervi☘ 6 years, 10 months ago

Differences Between Inventory and Stock:- While stock deals with products that are sold as part of the business’s daily operation, inventory includes sale products and the goods and materials used to produce them. For example, the cars, car parts and accessories are sold during normal business practices, but the machines that run diagnostic tests on cars or the car lot itself are not. Inventory takes in account all of the assets a business uses to produce the goods it sells and determines the sale price for the stock. The stock determines the amount of revenue a business generates.

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