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Annual stock taking-done once a year and it si done for the purpose of preparing financial accounts.
Spot cheecking
Perpetual stock taking
Wiki User
∙ 11y ago
Wiki User
∙ 10y agowhat is stock taking
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What are the main methods of checking stock?
3 basic methods for checking stock:lContinuous / perpetual stock checkinglPeriodic stock checkinglSpot checking
What is perpetual and periodic stock taking method?
this is where stock taking is done continously
What is the objectives of periodic stock taking?
periodic stock keeping
What are the differences between stock taking and stock checking?
Chaking
Which is not true of note taking?
There are several different methods for taking notes (apex)
What are methods of notes taking?
listing method
What is the purpose of physical stock taking of the perpetual system?
The purpose of physical stock-taking is to be up to date on how much stock and materials the company has on things. It is a means to maintain knowledge of your inventory.
What is stock tacking?
I guess you are trying to ask the question " what is stock Taking?" If so, stock taking is the term used when you count your stock/inventory, and match it with the stock that is recorded in your books (these days it is recorded in your computer system). Most of the companies do stock takes half yearly and some do it annually.
What is the main objective of stock taking?
The main objectives of stock-taking include the recording of data in respect of quantity and value of stock at any given time and to facilitate the effective comparing between value and loss of goods. Stock-taking also aims to avoid discrepancies in the balancing of accounts.
What does taking stock mean?
Assessing your situation.
What are the Methods of charging stock out?
fifo- first in first out lifo- last in last out
What are the advantages and disadvantages of blind stock taking?
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