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. I nventory is also not a personal account as it does not have a ny concern wit h livi ng or natural persons. Actually, it is related wit h t hi ngs or goods remained unsold at t he e nd of t he accou nting period. B asically, 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.