Dictionary of Accounting Terms: book inventory
book inventory
inventory shown on the financial records. It is a book value as opposed to a physical count of inventory and is computed from the initial inventory plus purchases less requisitions or withdrawals. Book inventory typically differs from the physical inventory on hand due to shrinkage(i.e., loss caused by such factors as evaporation and thefts).
Dictionary of Business Terms: book inventory
book inventory
stock in hand according to recorded figures.
