It is a physical verification of the quantities and condition of items held on the business premises. Can be used as part of a company audit. In some industries the stock take will be used to inform the inventory figures to ensure an accurate measure of stock in hand.
main objectives
objectives of infosys
objectives of mncs
objectives of e banking
Business Objectives can be categorized into two:Strategic objectives - usually long-term and maybe the ultimate goal for the business.Tactical objectives - concerned with the day-to-day running of the company. *tactical objectives help to achieve the strategic objective
a sheet of stock takings ?
It is the term used to describe the process of going round and finding out which goods in a store or a shop are on the shelves. You do it to find out how much value you have on the shelves, what items are missing (and therefore have been stolen) or to find out what items you may need to order more of.
stocktaking is a exercise carried out to know the value of items and identify excess or short before valuation
It's a procedure where employee (stocktaking person) does not know how much goods (or what kind, for that matter) should be on the stock, so he/she goes to check "blind". In "normal" procedure stock is taken with estimated reference values (or exact, if possible, based on documentation) given to the engaged person and the difference is established in the process.
To determine the correct opening and closing stockholding and therefore an accurate G.P. over any given period.
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
Financal objectives and social objectives.
difference between sales objectives and commuicatio objectives?
link between corporate objectives and marketing objectives
What is d.h.l objectives
objectives of consignments
objectives of pdea