Origins of the Goins Surname. It is quite possible for two people with the Goins last name to have been given that surname for entirely different reasons.
â¢ INVENTORYING (noun). The noun INVENTORYING has 1 sense: 1. making an itemized list of merchandise or supplies on hand. Familiarity information: INVENTORYING used as a noun is very rare.
Inventory is an asset held by a business for sale, and it adds to the total capital of a business. The control of your inventory is an important aspect of managing the finances of a business.hen a business overstates the inventory, the reduced cost of goods sold will increase the businessâs bottom line and tax liability. This error translates into an overstatement of net income before taxes and ultimately may cause the business to overpay taxes.