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(Querist)
01 January 2009 What is difference between Inventory & stock Both phases Theorically as well as Practically?
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CA Chaitanya

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CA Chaitanya (Expert)
01 January 2009 Inventory in a broad term and it includes the stock in trade.
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CA Chaitanya

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CA Chaitanya (Expert)
01 January 2009 As per Accounting Standard 2, Inventory includes raw materials, work in progress and stock of finished goods.
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CA Chaitanya

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CA Chaitanya (Expert)
01 January 2009 Stock is a word generally used for raw materials and finished goods.
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Mani VGS

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Mani VGS (Expert)
02 January 2009 Both are interchangeable. No, much difference.

But sometimes, the word "stock" would mean "equity stock or preferred stock". i.e. equity shares or preference shares

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