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A few reasons. But if the facility is being funded by the government, they want to make sure their money is going to where it should be. Inventory is mandatory for an audit. Also, if a family member wants to dispute if their loved one received their meds or not. However, not everyone is honest.
What else can I help you with?
When dipensing drugs the records must be kept for?
the prescription must be recorded up to 2 years for normal prescription and five year for psychotic and narcotic prescription
What is returns inwards day?
Returns inwards day book is the original record of returns made by customers in any given day. Quite often this is kept as a journal or ledger. When calculating daily profit, this total figure must be considered and inventory adjusted.
What is returns inwards day book?
Returns inwards day book is the original record of returns made by customers in any given day. Quite often this is kept as a journal or ledger. When calculating daily profit, this total figure must be considered and inventory adjusted.
Why stock records must be kept?
Stock records must be kept to ensure accurate tracking of inventory levels, which is essential for effective supply chain management and to prevent stockouts or overstock situations. They also help in financial reporting and analysis by providing insights into the cost of goods sold and inventory valuation. Additionally, maintaining accurate stock records aids in compliance with regulations and enhances operational efficiency by streamlining the order fulfillment process. Overall, proper stock record-keeping supports informed decision-making and improves overall business performance.
What are the accounting journal entries to record a purchase of inventory at a distressed price?
If the inventory has some value then it must be entered in a new general ledger expense account and have a new contra asset account for the items. Enter the estimated value as a debit to the inventory obsolescence account and then credit it to the inventory reserve account.
Why must the congressional record be kept?
The congressional records are kept for reference. These are official records of the proceedings and debates of the congress that are compiled and bound in volumes constituting the permanent edition.
What must a depositor add to a check before the bank will accept it for deposit?
Accountants must record, analyze, and interpretA. library books. B. inventory records. C.financial data. D. sales.
Can seahorses be house pets?
Yes, some people keep sea horses as pets. They are not easy animals to keep because they require good water quality, constant water flow and a special diet. If you want to keep seahorses as pets you should start by researching the care of other saltwater animals. The more you know about the species of animal you want to keep the better.
Does consignment stock have to be reported as inventory?
Yes, consignment stock must be recorded and reported. It is a non-asset inventory and must be documented.
How do you get a bigger inventory in dead frontier?
To get a larger inventory, you must continuously gain levels.
What means the variable that must be kept constant?
What variables must be kept constant
How old must a person be to sign the exempt narcotic log?
21 years of age
