Definition of Inventory:
Detailed catalog or list of attributes or solid or immovable property.
Make a complete list of files.
Complete list of items, such as property, inventory or construction materials.
Ownership of the organization (1) to support the value and value of goods (production) (raw materials, substrate, work in progress), (2) activities (repair, maintenance, consumables) or (3) customer sales Or auxiliary service for sale (goods, finished products, spare parts).
Often, the most important item in today's asset class, inventory must be accurately calculated and valued to determine the company's profit or loss at the end of each accounting period. Organizations with high unit cost inventory items generally keep a daily record of inventory changes (called a permanent inventory method) to ensure accurate and consistent monitoring. Companies with cheaper inventory items usually update inventory records at the end of the billing cycle or when financial statements are prepared (called a periodic inventory method). The stock price depends on the valuation method used, for example. B. FIFO method (first in, first out) or LIFO method (last in, first out) to avoid additional assets and revenue due to rapid increase in inventory value during inflation period, GAAP Needs the value of inventories whichever is lower in current market cost or price. The ideal stock level for an organization is determined by analyzing the stock levels. It is also called stock trading or bus stock.
Synonyms of Inventory
Mass, Head count, Accumulation, Summarize, Assembly, Cost sheet, Double-check, Register, Rehearse, Summary, List, Cumulation, Overhaul, Plenty, Tally, Conflux, Scroll, Reckon up, Checklist, Treasure, Enter, Documentation, Collection, Ingredients, Take account of, Statement, Correspondence, Remains, Recapitulation, Line of goods, Relic, Bank ledger, Log, Inspect the books, Directory, Juxtaposition, Prove, Record book, Enumeration, Contents, Part, Collocation, Junction, Sales ledger, Muster, Sick list, Retired list, Sum, Active list, Table of organization, Rota, Civil list, Score up, Post, Divisions, Goods for sale, Purchase ledger, Code, Content, Card ledger, Stock ledger, Blacklist, Recounting, Vestige, Vendibles, Recording, Consumer goods, Insides, Books, Job lot, Hoard, Itemize, Recapitulate, Convergence, Description, Cost ledger, Confluence, Stockpile, Tote up, Calendar, Impanel, Account, Detail, Amassment, Pipe roll, Table, Staples, Assemblage, Concurrence, Stores, Cornucopia, History, Count up, Comparison, Items, Repertory, Accounts receivable ledger, Heap, Fund, Rolls, Corralling, Concourse, Accounts, Stock, Tally up, Survey, Whole, Recount, Balance, Rehearsal, Take stock, Call-up, Budget, Logbook, Supply on hand, Record, Recap, Account, Suspense ledger, Cashbook, Figure up, Reckoning, Roll, Token, Statement, Verify, Consumer items, Score, Tabulate, Book, Innards, Archive, Capitulation, Accounts payable ledger, Store, Catalogue, Ingathering, Guts, Commissariat, Memorial, Tally sheet, Demonstrate, Elements, Factory ledger, Check, Mobilization, Constituents, Parts, Register, Enroll, Tally, Program, Cast up, Tot up, Census, Log, Supplies, Count, Sideline, Itemization, List, Munitions, Journal, Stack, Nose count, Dump, Combination, Pile, Gathering, Schedule, Merchandise, Add up, Audit, Wares, Nest egg, Colligation, Materiel, Data-gathering, Pigeonhole, Total, Summing up, Stores ledger, Materials, Chronicle, Repertoire, Total up, Balance the books, Listing, Catalog, Canvass, Registry, Roundup, Material, Keep score, Index, Roster, Enumerate, Letters, Congregation, Mail-order goods, Rodeo, Foot up, File, Goods, Checklist, Composition, Summate, Relate, Balance sheet, Provisions, Stock-in-trade, Rick, Summation, Commissary, Ledger, File, Sales journal, Abundance, Daybook, Body count, Trace, Reservoir, Bankbook, Cost card, Commodities, Synopsize, Larder, Account book, Provisionment, Recite, Plenitude, Digest, Summing, Effects, Line, Backlog, Check out, Rations, Sum up, Catalog goods, Roster, Treasury, Cipher up, Record, Annals, Passbook
How to use Inventory in a sentence?
- I recorded your collection of drawings.
- About 6% of slaves registered as sick in the sugar plant inventory suffered from flogging or exhaustion.
- Total stock last May, but now it's gone. Therefore, contact our suppliers.
- To get to the next stage of the game, I need to check my inventory to see if I have enough healing effects.
- The local supermarket has a large supply of locally grown fruits, vegetables and meat without antibiotics.
Meaning of Inventory & Inventory Definition