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Active inventory

Raw material, work in process, or finished goods inventory that will be consumed and/or sold within an accounting period (usually one year).

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Accounting
  • Category: Auditing
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Related terms

active inventory
Accounting; Auditing

Raw material, work in process, or finished goods inventory that will be consumed and/or sold within an accounting period (usually one year).

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