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No, stock typically refers to a company's inventory of goods that are available for sale, not customers' goods. Customers' goods are items that belong to customers and are not part of the business's inventory. However, if a company offers services that involve storing customers' goods, those items would be considered separate from the company's stock.
What else can I help you with?
Difference between cycle stock and safety stock?
Cycle stock and safety stock are both goods a company holds to supply to customers but the cycle stock is used for immediate orders while the safety stock is held to meet the fluctuations in demand. The two kinds of stock are usually stored in separate areas of a business.
What services does a stock broker provide?
Stock brokers allow customers to buy and sell stocks as well as invest in other ways for a fee. They basically do all the technical working in the stock market for customers.
What are the sari-sari store problems?
A sari sari store is a store that is started in front of the house. Some of the problems they encounter include the choice of the right goods. Some goods do not have high turnover. Others include poor record keeping and poor financing. This brings about stock outs.
What is the Nature of business activities?
It is to provide customers with goods and services. The customers will purchase them and then bring in money to the business.
What should traders do before selling goods on credit to customers?
enternet
What is a whole sale?
A wholesale dealer sells goods to retailers who sell the goods (stock) in their shops. A retailer is someone who sells the goods to members of the public - customers. Some wholesalers will also sell to the public - wholesale and retail.
Difference between cycle stock and safety stock?
Cycle stock and safety stock are both goods a company holds to supply to customers but the cycle stock is used for immediate orders while the safety stock is held to meet the fluctuations in demand. The two kinds of stock are usually stored in separate areas of a business.
What is meant by customers and who are customers?
the customers are the people who use the serives or goods
What constitutes cost of sales?
cost of sales i.e. cost of goods sold include opening stock, purchases, operating expenses and then deduct the closing stock.
Who are McDonald's customers?
Customers are people who purchase goods from McDonald's.
What are the documents used in Depots or Stores?
In depots or stores, key documents include inventory lists, purchase orders, receiving reports, and shipping documents. Inventory lists help track stock levels, while purchase orders detail items ordered from suppliers. Receiving reports confirm the quantity and condition of goods received, and shipping documents facilitate the dispatch of goods to customers. Additionally, sales receipts and invoices are used for transactions with customers.
What is an example of an anticompetitive technique?
Anticompetitive techniques include: Buying out competitors Requiring customers to sign long-term agreements Compelling customers to buy products they do not want in order to receive other goods
For whom are the goods produced?
for customers
What are unascertained goods?
Unascertained goods refer to items that are not specifically identified or determined at the time of a sales contract. Instead, they are described in general terms, such as a quantity or type, and can include goods that are yet to be produced or specific items from a larger stock. The ownership of these goods is transferred to the buyer once they are ascertained, meaning they are identified and separated from the general stock. This concept is commonly used in commercial law and transactions involving goods.
How to calculate the closing stock of finished goods?
annual cost of sales=1800000 opening stock of finished goods=60000 finished goods storage period:10 days assuming 360 days in a year, the closing stock of finished goods is=??
How do you calculate the gross income and cost of goods sold?
Cost of Goods Sold = Opening Stock + Purchasing - Ending Stock
What is stock inventory?
Stock inventory is the total items with the person who is doing business. Stock means the goods which are with one when one is selling items or goods. Inventory means all the goods including one's own assets.
