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Periodic stock taking is the process of physically counting and verifying the inventory levels of a business at regular intervals. By conducting periodic stock taking, businesses can ensure the accuracy of their inventory records, detect any discrepancies, and make necessary adjustments to maintain inventory control. It helps in preventing theft, identifying slow-moving or obsolete stock, and improving overall inventory management.

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AnswerBot

1y ago

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What is the objectives of periodic stock taking?

periodic stock keeping


What is perpetual and periodic stock taking method?

this is where stock taking is done continously


Give two types of stock taking you know?

physical periodic


Methods of stock taking?

Annual stock taking-done once a year and it si done for the purpose of preparing financial accounts. Spot cheecking Perpetual stock taking


What are the differences between stock taking and stock checking?

Chaking


Is brass on the stock market?

Yes it is, as the compound number it is on the periodic table


What is the purpose of physical stock taking of the perpetual system?

The purpose of physical stock-taking is to be up to date on how much stock and materials the company has on things. It is a means to maintain knowledge of your inventory.


What is stock tacking?

I guess you are trying to ask the question " what is stock Taking?" If so, stock taking is the term used when you count your stock/inventory, and match it with the stock that is recorded in your books (these days it is recorded in your computer system). Most of the companies do stock takes half yearly and some do it annually.


What is the main objective of stock taking?

The main objectives of stock-taking include the recording of data in respect of quantity and value of stock at any given time and to facilitate the effective comparing between value and loss of goods. Stock-taking also aims to avoid discrepancies in the balancing of accounts.


What does taking stock mean?

Assessing your situation.


Who do you call a person who does stock taking?

A person who does stock taking is typically called a stock clerk or inventory clerk. They are responsible for managing and tracking inventory levels, conducting regular counts, and ensuring that stock records are accurate. In some contexts, they may also be referred to as inventory auditors or stock controllers.


What are the advantages and disadvantages of blind stock taking?

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