What is the purpose of an inventory record?

The purpose of an inventory record is to show the stock on hand. This record is essential for managing and tracking the quantity of products or materials available in a business. Accurate inventory records help businesses monitor what items are in stock, assess when to reorder products, avoid overstocking, and ensure that they can meet customer demand without interruptions. By maintaining a clear picture of inventory levels, companies can also evaluate their storage efficiency and reduce costs associated with excess inventory or stockouts. This makes option B the correct choice, as it directly relates to the management and assessment of inventory.