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Muhammad Usman Siddique
Account and inventory management are integrated business functions that track products and finances to ensure efficiency and profitability. Inventory management involves overseeing the stock of raw materials, work-in-progress, and finished goods, while accounting focuses on recording financial transactions, managing accounts receivable and payable, and generating financial reports. When combined, they provide an accurate view of a companys financial position and operational health, preventing stockouts and overstocking, reducing costs, and informing strategic decisions about spending, sales, and demand.


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