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Inventory vs. Assets — What's the Difference?

Inventory vs. Assets — What's the Difference?

Difference Between Inventory and Assets

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Inventory

Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation.Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials.

Assets

A useful or valuable quality, person, or thing; an advantage or resource
Proved herself an asset to the company.

Inventory

A detailed, itemized list, report, or record of things in one's possession, especially a periodic survey of all goods and materials in stock.

Assets

A valuable item that is owned.

Inventory

The process of making such a list, report, or record.
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Assets

A spy working in their own country and controlled by a foreign power or an enemy.

Inventory

The items listed in such a report or record.

Assets

(Accounting) The entries on a balance sheet showing all properties, both tangible and intangible, and claims against others that may be applied to cover the liabilities of a person or business. Assets can include cash, stock, inventories, property rights, and goodwill.

Inventory

The quantity of goods and materials on hand; stock.

Assets

The entire property owned by a person, especially a bankrupt, that can be used to settle debts.

Inventory

An evaluation or a survey, as of abilities, assets, or resources.

Assets

Plural of asset

Inventory

To make an itemized report or record of.

Assets

(finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.

Inventory

To include in an itemized report or record.

Assets

(accounting) The left side of a balance sheet.

Inventory

(operations) The stock of an item on hand at a particular location or business.
Due to an undersized inventory at the Boston outlet, customers had to travel to Providence to find the item.

Assets

(legal) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.

Inventory

(operations) A detailed list of all of the items on hand.
The inventory included several items that one wouldn't normally think to find at a cheese shop.

Assets

Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.

Inventory

(operations) The process of producing or updating such a list.
This month's inventory took nearly three days.

Assets

Private parts; a woman's breasts or buttocks, or a man's genitalia.

Inventory

A space containing the items available to a character, especially that in a video game, for immediate use.
You can't get through the underground tunnel if there are more than three items in your inventory.

Assets

Property of a deceased person, subject by law to the payment of his debts and legacies; - called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend.

Inventory

The total set of a specified linguistic feature within a language etc.
Germanic languages have a marked tendency towards large vocalic inventories.

Assets

The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; - opposed to liabilities.

Inventory

To take stock of the resources or items on hand; to produce an inventory.
The main job of the night shift was to inventory the store, and restock when necessary.

Assets

Anything of material value or usefulness

Inventory

An account, catalogue, or schedule, made by an executor or administrator, of all the goods and chattels, and sometimes of the real estate, of a deceased person; a list of the property of which a person or estate is found to be possessed; hence, an itemized list of goods or valuables, with their estimated worth.
There take an inventory of all I have.

Inventory

The objects contained on an inventory{1};

Inventory

The total value of all goods in an inventory{2}.

Inventory

The act of making an inventory{1}.

Inventory

To make an inventory of; to make a list, catalogue, or schedule of; to insert or register in an account of goods; as, a merchant inventories his stock.
I will give out divers schedules of my beauty; it shall be inventoried, and every particle and utensil labeled.

Inventory

A detailed list of all the items in stock

Inventory

The merchandise that a shop has on hand;
They carried a vast inventory of hardware

Inventory

(accounting) the value of a firm's current assets including raw materials and work in progress and finished goods

Inventory

A collection of resources;
He dipped into his intellectual armory to find an answer

Inventory

Making an itemized list of merchandise or supplies on hand;
The inventory took two days

Inventory

Make or include in an itemized record or report;
Inventory all books before the end of the year

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