30. (a) What is the difference between inventory of finished goods and stock in trade?
(b) Give two examples each of Other Current Assets and Reserves and Surplus
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- While stock deals with products that are sold as part of the business's daily operation, inventory includes sale products and the goods and materials used to produce them. ... Inventory takes in account all of the assets a business uses to produce the goods it sells and determines the sale price for the stock.
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a.While stock deals with products that are sold as part of the business's daily operation, inventory includes sale products and the goods and materials used to produce them. ... Inventory takes in account all of the assets a business uses to produce the goods it sells and determines the sale price for the stock
b. 1.Another part of the capital surplus comes from other sources
2.such as increasing the value of fixed assets carried on the balance sheet
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