Professional Documents
Culture Documents
Inventory Accounting
and Physical Flow of Inventory
Presented by:
• Arpan A Mayura
• Ashima r Sharma
• Ashish Khandagale
• Ashish Kumar
• Ashish Makkar
• Ashish P Sawant
• Aushitosh maitrya
• Asmita Dalvi
• Ashwini Desai
INTRODUCTION
Inventory
• Is an ASSET
• Which a business buys
• To Re-sale
• During the normal everyday activity of the
business
• Else known as STOCK
• Stocktaking is when a business counts the
stock (inventory) that it owns
Define inventory
Definition:
Physical Inventory is physically counting
the individual items in stock at a
particular date and time .
Tool Helping In Physical
Inventory
• Inventory services
• Inventory control system
• perpetual inventory
• Cycle counting,
Types of Physical
Inventories
• As Required
• Cyclic
• Annual
Reasons For Conducting A
Physical Inventory
Non Used
Finished Good Raw Materials
Sales
Closing Stock
Types Of Inventory System