Which item type would you use for items you buy, sell, and track how many you have on hand?

• A. Service items
• B. Inventory parts
• C. Non-inventory parts
• D. Inventory assembly

Answer: (B)

Tracking on-hand quantity for physical goods is the core idea here. To buy items, sell them, and keep an exact count of how many you have, you use inventory parts. This item type is designed to manage stock: purchases raise the on-hand quantity, sales reduce it, and you can run reports that show current on-hand levels and reorder points. Other item types don’t fit this combination: service items cover labor or services with no inventory quantity to track; non-inventory parts can be bought and sold but don’t automatically track on-hand quantities; inventory assemblies are used for items you manufacture or assemble from components and involve tracking a bill of materials and a finished kit. So inventory parts are the best fit for items you buy, sell, and track on hand.