What Exactly Is Stock?

The three types of inventory are the general term of the business inventory (also called adjustable inventory), storage inventory (also called warehouse inventory), and accounting inventory of commercial enterprise goods. (1) Business inventory: The specific task of the business department is to arrange the purchase and sale of goods. It is necessary to grasp the quantity of various goods available for sale at any time in order to sell according to the bill. Therefore, from the perspective of the business department, the increase in goods is based on the inspection of the available stocks for sale, while the decrease is as long as the invoice is issued, regardless of whether the goods have been out of the warehouse or whether the payment has been received. The commodity inventory calculated according to this caliber is called business inventory. ^[1]