Definition
Total stocks is the total Value of the following goods under ownership of the unit:
(a) Materials and supplies
(b) Fuels
(c) Semi finished goods (work in progress)
(d) Finished goods
(e) Goods to be sold in the same condition as purchased.
(f) Others
Change in value of Total stocks is the Value of total stocks at the end of the year less value of total stocks at the beginning of the year.