Is Inventory A Real Or A Nominal Account Or A Personal Account

Inventory Or Stock Is What Type of Account

Inventory is a real account or property account as it is related to a current asset account but it is not related to nominal account which represents Revenues, Expenses, Gains and Losses.

Inventory is also not a personal account as it does not have any concern with living or natural persons. Actually, it is related with things or goods remained unsold at the end of the accounting period.

Basically, inventory is the goods remained unsold in the gowdon at the end of the accounting period which provides benefits in the next accounting period when we sold it to customers at a profit.