Which report shows the value of inventory on hand?

• A. Profit and Loss
• B. Balance Sheet
• C. Inventory Valuation report
• D. Accounts Receivable Aging

Answer: (C)

The on-hand value of inventory is best shown by a report that breaks down stock by item and calculates its current value. The Inventory Valuation report lists each inventory item with its on-hand quantity and the value of that stock, giving you the total value of inventory currently on hand. This makes it the most direct source for understanding how much your inventory is worth right now.

While the Balance Sheet does reflect inventory as an asset, it aggregates the value rather than listing each item’s on-hand value, so it doesn’t provide the itemized view that the Inventory Valuation report offers. The Profit and Loss report tracks income and expenses, and Accounts Receivable Aging shows outstanding customer balances—neither focuses on the inventory’s current value.