Accountancy, asked by apurvaanika292, 1 year ago

15 journal and ledger account and trial balance

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Answered by TheSpy

INVENTORY TYPES. Inventory is defined as a stock or store of goods. ... If the firm is a manufacturer, it must maintain some inventory of raw materials and work-in-process in order to keep the factory running. In addition, it must maintain some supply of finished goods in order to meet demand.

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