inventory and stock hold great significance for any manufacturing company. Inventory includes raw materials, goods in production, and finished goods that are all considered to be part of a company’s assets as they are either ready or will be ready fro sale to generate revenue for the company.
Stock pertains to all unfinished, in production, under quality inspection, and finished goods in ware houses waiting to be delivered to customers. Stock is measured not just in quantity but also in terms of their monetary value. It is true that accountants use the word inventory to discuss goods for sale, but even those who do not have stocks to sell have inventories that they maintain