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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.
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What is the objectives of infosys?
objectives of infosys
What are the objectives of IDBI?
main objectives
Difference between goals and objectives in business policy?
Goals are broad objectives are narrow. Goals are general intentions; objectives are precise. Goals are intangible; objectives are tangible. Goals are abstract; objectives are concrete. Goals can't be validated as is; objectives can be validated
Basic objectives of mnc's?
objectives of mncs
Objectives of E-banking?
objectives of e banking
What is stocktaking sheet?
a sheet of stock takings ?
What is stocktaking?
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.
What is annual stock taking?
stocktaking is a exercise carried out to know the value of items and identify excess or short before valuation
What is blind stocktaking?
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.
Why is stocktaking essential in any business?
To determine the correct opening and closing stockholding and therefore an accurate G.P. over any given period.
Why do organisations do stock taking?
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
What are the types of business objectives?
Financal objectives and social objectives.
What is the difference between the sales objectives and communication objectives?
difference between sales objectives and commuicatio objectives?
Difference between market objectives and corporate objectives?
link between corporate objectives and marketing objectives
What is the objectives of infosys?
objectives of infosys
What are the objectives of indigenization?
objectives of indigenisation
What are the objectives of IDBI?
main objectives
