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Stock Group Vs Stock Category

Yes, I got one query in which an accountant wants to know the difference between stock group and stock category.

Stock group and stock category are the great tool to manage inventory. If you are doing your accounting work in dealing with inventory, then it is your prime duty to manage inventory. So, you can make stock group and stock category. First of all, I define both

What is Stock Group?

Ans :  Stock group classifies the stock items into different dealer. Suppose, we have to buy paint, there may be A, B and C dealers. So, all the items of paint stock will be grouped under A, B and C.

What is Stock Category?

Ans. Stock category is next dimension to classify same stock item. Suppose, if we have same dealer but different brand or price stock, then we can make category as grade 1 of A stock group and and we can show that stock item. Again we can classify as grade 1 of A stock group and mention stock items.

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Accounting Education: Stock Group Vs Stock Category
Stock Group Vs Stock Category
Accounting Education
https://www.svtuition.org/2010/12/stock-group-vs-stock-category.html
https://www.svtuition.org/
http://www.svtuition.org/
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