diff --git a/erpnext/stock/report/stock_ledger_invariant_check/stock_ledger_invariant_check.js b/erpnext/stock/report/stock_ledger_invariant_check/stock_ledger_invariant_check.js
index 36e91e305003..3f67bffa52eb 100644
--- a/erpnext/stock/report/stock_ledger_invariant_check/stock_ledger_invariant_check.js
+++ b/erpnext/stock/report/stock_ledger_invariant_check/stock_ledger_invariant_check.js
@@ -2,7 +2,7 @@
 // For license information, please see license.txt
 
 
-const DIFFERNCE_FIELD_NAMES = [
+const DIFFERENCE_FIELD_NAMES = [
 	'difference_in_qty',
 	'fifo_qty_diff',
 	'fifo_value_diff',
@@ -37,7 +37,7 @@ frappe.query_reports['Stock Ledger Invariant Check'] = {
 
 	formatter (value, row, column, data, default_formatter) {
 		value = default_formatter(value, row, column, data);
-		if (DIFFERNCE_FIELD_NAMES.includes(column.fieldname) && Math.abs(data[column.fieldname]) > 0.001) {
+		if (DIFFERENCE_FIELD_NAMES.includes(column.fieldname) && Math.abs(data[column.fieldname]) > 0.001) {
 			value = '<span style="color:red">' + value + '</span>';
 		}
 		return value;
diff --git a/erpnext/stock/report/stock_ledger_invariant_check/stock_ledger_invariant_check.py b/erpnext/stock/report/stock_ledger_invariant_check/stock_ledger_invariant_check.py
index e11c9bb7891e..ca15afe444d5 100644
--- a/erpnext/stock/report/stock_ledger_invariant_check/stock_ledger_invariant_check.py
+++ b/erpnext/stock/report/stock_ledger_invariant_check/stock_ledger_invariant_check.py
@@ -186,7 +186,7 @@ def get_columns():
 		{
 			"fieldname": "fifo_queue_qty",
 			"fieldtype": "Float",
-			"label": _("(C) Total qty in queue"),
+			"label": _("(C) Total Qty in Queue"),
 		},
 		{
 			"fieldname": "fifo_qty_diff",
@@ -211,52 +211,52 @@ def get_columns():
 		{
 			"fieldname": "stock_value_difference",
 			"fieldtype": "Float",
-			"label": _("(F) Stock Value Difference"),
+			"label": _("(F) Change in Stock Value"),
 		},
 		{
 			"fieldname": "stock_value_from_diff",
 			"fieldtype": "Float",
-			"label": _("Balance Stock Value using (F)"),
+			"label": _("(G) Sum of Change in Stock Value"),
 		},
 		{
 			"fieldname": "diff_value_diff",
 			"fieldtype": "Float",
-			"label": _("K - D"),
+			"label": _("G - D"),
 		},
 		{
 			"fieldname": "fifo_stock_diff",
 			"fieldtype": "Float",
-			"label": _("(G) Stock Value difference (FIFO queue)"),
+			"label": _("(H) Change in Stock Value (FIFO Queue)"),
 		},
 		{
 			"fieldname": "fifo_difference_diff",
 			"fieldtype": "Float",
-			"label": _("F - G"),
+			"label": _("H - F"),
 		},
 		{
 			"fieldname": "valuation_rate",
 			"fieldtype": "Float",
-			"label": _("(H) Valuation Rate"),
+			"label": _("(I) Valuation Rate"),
 		},
 		{
 			"fieldname": "fifo_valuation_rate",
 			"fieldtype": "Float",
-			"label": _("(I) Valuation Rate as per FIFO"),
+			"label": _("(J) Valuation Rate as per FIFO"),
 		},
 		{
 			"fieldname": "fifo_valuation_diff",
 			"fieldtype": "Float",
-			"label": _("H - I"),
+			"label": _("I - J"),
 		},
 		{
 			"fieldname": "balance_value_by_qty",
 			"fieldtype": "Float",
-			"label": _("(J) Valuation = Value (D) ÷ Qty (A)"),
+			"label": _("(K) Valuation = Value (D) ÷ Qty (A)"),
 		},
 		{
 			"fieldname": "valuation_diff",
 			"fieldtype": "Float",
-			"label": _("H - J"),
+			"label": _("I - K"),
 		},
 	]