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IJMIEAugust 2013Volume 3, Issue 8ISSN: 22490558___ Inventory a two edged sword? Hasnan Baber AdilZahoor* Abstract Inventory is as old as human. Inventory complications have been faced by every society,
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Begin by listing all the items you currently have in stock.
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Update the inventory regularly to track changes in stock levels.
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Inventory is a two edged sword in business as it can tie up capital but also ensure products are available for customers.
All businesses that carry physical inventory are required to file inventory in their financial statements.
To fill out inventory, one must list all physical goods on hand, their value, and any adjustments needed such as write-offs or write-downs.
The purpose of inventory is to track the value of goods on hand, manage stock levels, and ensure products are available for sale.
Information reported on inventory includes the quantity of each item, unit cost, total value, and any adjustments made.
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