What is the term for the financial document that records the amount of product sold, amount kept on hand, each item's cost, total sale, and profit?

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The term that describes a financial document containing details like the amount of product sold, stock on hand, cost per item, total sales, and profit is best represented by an inventory report. This document specifically tracks the flow of products, providing insights on inventory levels and associated financial performance. It is vital for managing stock efficiently and understanding the financial implications of sales and inventory management.

In contrast, a sales report typically focuses on the performance of sales over a specific period, detailing quantities sold and revenue generated without providing comprehensive insights into inventory status or costs. A budget report is primarily concerned with financial planning, forecasting revenues and expenses, rather than tracking actual sales and inventory. A profit and loss statement summarizes overall revenues and expenses to determine net profit, but it does not provide itemized details about individual product sales or inventory on hand.

Thus, an inventory report is the correct term for the document that encapsulates all these important sales and inventory metrics.

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