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Stocktaking is done to see if the goods you have sold match up to the takings and also to see what profit or loss and GP% you have made
A very simple example, if you sell ten items at £1.00 each your cash takings should be £10.00 the profit and % profit will depend on the (cost price) price you bought the items for .Stocktaking shows what profit or loss is made and can show up theft,wrong pricing what sells well what sells slow ,and also the value of your stock in hand for end of year .
Stocktaking play a major part in many sales outlets
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∙ 14y ago
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Methods of stock taking?
Annual stock taking-done once a year and it si done for the purpose of preparing financial accounts. Spot cheecking Perpetual stock taking
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
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 advantages and disadvantages of blind stock taking?
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What are the common features of organisations?
organisations vary tremendously in teams of purpose,structure, operation. it is possible to develop definition of an organisations and to identify features of all organisations. common features are four things fast one is organisations have a purpose organisations have a formal structure organisations employ resource. organisations have to be directed and controlled
What are the advantages and amp disadvantages of blind stock taking?
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What are the release dates for White Collar - 2009 Taking Stock 5-12?
White Collar - 2009 Taking Stock 5-12 was released on: USA: 23 January 2014
