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Do NYSE specialists hold inventories of stock?
Yes
How would you verify the ending inventory item in auditing?
ending inventories are verified by comparing purchases and sales. the difference is ending inventories then do a physical count, to make sure that what's on papers are the same compared to the actual inventories on hand.
Dangers in reducing inventories?
When items are required on a breakdown basis and find out that there is not enough stock as a result of reducing it, this could lead to loss of production.
What is the goal of inventory control?
The goal of inventory control is to be sure that optimum levels of inventories are available, that there are minimal stockouts (i.e., running out of stock),
Is cost of goods sold an operating expense?
Cost of goods sold is opening stock plus purchases of inventories and other carriage costs less closing stock. Cost of sales therefore is not an operating expense...
What is inventories?
stock of goods: the merchandise or stock that a store or company has on handmaking of inventory: the act or process of making an inventory, or the period of time when this is donelist of items: a list of things, especially items of property, assets, or other resources
Benefits and cost of holding Inventories?
what is benefits of holding inventories
How big bazaar control inventories?
Big Bazaar might control inventories using a computer system and bar codes that track each item purchased and each item sold. This allows stock people to understand which items are purchased most often and which need removal from inventory.
Duties of store keeper?
the main duties of a shop keeper is to keep accurate information about the inventories. that how many product are going out and how many are in the stock. and according to stock plan let the management inform time to time that how many product they have in stock's that the management can set plan according to the information.
What stock valuation method is acceptable according to the accounting standard fifo?
First stock should consumed first and then other stock. Majority of the companies are following weighted average method to value inventories. In India, the Income Tax authorities only allow FIFO & Weighted Average Method.
What is the plural possessive of the word inventory?
The plural is inventories. The plural possessive is inventories'.
What are dormant inventories?
The costs of dormant inventories--goods not immediately convertible into cash
