Tangible Asset, Tangible Property, Take Inventory, Take Stock




Tangible Asset, Tangible Property, Take Inventory, Take Stock :




Tangible Asset = Tangible Property : The assets of the company that are touchable, that is that can be seen and felt unlike the intangible assets such as a copyright or franchise. In some cases especially law tangible property refers to personal property or that which is mobile unlike real estate or buildings



Take Inventory : To count and make a list of the items that are stores as inventory such as materials, supplies, finished gods, etc. usually done at the end of an accounting period for the verification of the numbers in a perpetual inventory and to ascertain the value of the inventory or recording the financial statements



Take Stock : Occasionally To count the units of the physical quantities of materials in the inventory : Commonly used to pause and reflect : to take a decision after a detailed analysis of a situation




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