What is stock in accounting?

Stock in accounting represents the goods, raw materials, or products the company owns to sell or produce.

Types of Stock

• Merchandise: products purchased to be resold as-is
• Raw materials: used in production
• Finished goods: manufactured by the company
• Work in progress: currently being manufactured

Stock is part of current assets in the balance sheet.

To learn more:

• Inventory management
• Inventory count
• How inventory management works
• Inventory management for beginners