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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.
What else can I help you with?
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
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
When was The Blind Leading the Blind created?
The Blind Leading the Blind was created in 1568.
What is the advantages of blind stock taking?
It yields benefit of doubt since it involves external personnel in the exercise. high accuracy levels since all items in the store are taken time saving because it's done once and at the end of the accounting period less damages since it's done once in a financial period
Was the five blind boys born blind?
yes the five blind boys of Mississippi was born blind
Was blind Boone blind when he was born?
NO he wasn't born blind.
How old was blind fury when he become blind?
He was born blind
Are all people who are blind born blind?
No there ways of becoming blind.
What is a sentence for blind?
He apologised to the blind man.The pilots were flying blind in the thick fog.Helen Keller was deaf and blind.
