What is Inventory
An inventory is the collection of unsold products awaited to be depleted or list of tangible goods or the intangible attributes or qualities. In the company balance sheet the Inventory recorded as the current asset. An organization holds the inventory to support the production activities such as the raw material sub assemblies and work in progress. Companies and other businesses also use inventory for the repair, maintenance, consumables support activities as according to their business demand. Inventory can found in the form of finish goods or spare parts, In the any organization final reports we can see that the inventory is often the largest item in the current asset category. online mobile accessories shopping in Pakistan At end of each accounting period if the inventory is accurately counted and is valued we can check the company profit and loss. To maintain the record accurately many organization generally keep the record on the daily basis. Any chan...