Accountancy, asked by aravindsenthil, 1 year ago

What is obsolete inventory?

Answers

Answered by mersalkeerthi46
0

Obsolete inventory refers to products that a company had purchased or produced which cannot be sold.

Answered by prernaroy
2
Obsolete inventory is a term that refers to inventory that is at the end of its product life Cycle. This inventory has not been sold or used for a long time and is not expected to be sold in future.
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