The term \"inventory\" in an organization is the count of product or items. It helps keep track of items going in and out of a particular place.
The term used for a specific sum of money paid out of specific inventory is "inventory shrinkage." This refers to the loss of inventory due to factors like theft, damage, or errors, leading to discrepancies between the recorded inventory and the actual inventory on hand. However, if you meant a specific financial transaction involving inventory, the term could also be "cost of goods sold" (COGS) when referring to the direct costs attributable to the production of the goods sold by a company.
Current ratio
Inventory adjustment.
Physical inventory refers to the actual inventory in the warehouse. Inventory refers to completed products, not work in progress or raw materials.
Physical inventory refers to the actual inventory in the warehouse. Inventory refers to completed products, not work in progress or raw materials.
What is meant by the term organisation culture
In a business sense it means that the debt of an entity has no restrictions and the money can be recovered from the personal inventory of the owners.
What is meant by organization structure
The term used for a specific sum of money paid out of specific inventory is "inventory shrinkage." This refers to the loss of inventory due to factors like theft, damage, or errors, leading to discrepancies between the recorded inventory and the actual inventory on hand. However, if you meant a specific financial transaction involving inventory, the term could also be "cost of goods sold" (COGS) when referring to the direct costs attributable to the production of the goods sold by a company.
inventory (also called stocks) comprises of work in progress ,stores & spares; raw materials;packing materials etc.they are valued at net realisable value or valued at cost whichever is lower.
The term inventory indicates that a business houses products and services. Inventory can be inefficient because the company is using money to purchase inventory instead of investing it in the company.
trust
In the business world, the term "stakeholder" refers to the person, group of people, or organization that has money tied to or interest in a business.
Current ratio
Just in time is the best inventory management system. With just in time, the organization doesn't house inventory which saves them money.
Inventories is an abstract of all stocks meant for trading purpose in a business organization or a company and stock is part of the inventory. Trading purpose means buying and selling it on profit basis.
1- Inventory reduces loss in business. 2- Inventory also stops theft of matirials or products.