Accountancy, asked by piyush54019, 2 months ago

What is meant by ‘Stock’ ? What are its main components in case

of manufacturing concern ?​

Answers

Answered by ndhaya2006
1

Answer: Everything you use to make your products, provide your services and to run your business is part of your stock.

There are four main types of stock: raw materials and components - ready to use in production.

Work in progress - stocks of unfinished goods in production ,finished goods ready for sale.

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