Accounting
Stock/Inventory
Definition
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5 Related Terms
What is Stock/Inventory?
Stock or Inventory refers to goods held by a business for sale or raw materials/components for production. Inventory is a current asset on the balance sheet and its valuation significantly impacts profitability. Effective inventory management balances stock availability with carrying costs. In Tally, comprehensive inventory features track stock items, quantities, values, godowns, batches, and generate reports like stock summary, aging analysis, and reorder levels.
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