stock audit
This query is : Resolved
08 April 2009
We have to conduct the stock verification at a shopping mall. Can you please suggest me as how to proceed, since the process can not be completed in a single day and the movement of stock is very high during the day time
08 April 2009
If you can not do it in rush hours do it after that. the process is majorly same as we apply to other stock varifications.
First make ABC analysis, get stock report at EOD print and check it with physical stock. If there is movement between your physical check and report print time then ask them to generate one more print and tally that print with latest and make comparision.
Let me know if any Query.
First make ABC analysis, get stock report at EOD print and check it with physical stock. If there is movement between your physical check and report print time then ask them to generate one more print and tally that print with latest and make comparision.
Let me know if any Query.
12 April 2009
u should verify the stock physically with computer stock
i mean they will be maintaining stock in a system na
so take the print out
if possible do 100 % or else do random verification ( high rate values , high quantity stock lik this )
for eg u find 10 items in statement n physically u find 12 items - it means excess 2 items
u find 10 items in statement n physically u find 7 items - it means short 3 items
lik this u should conduct the stock verification
i mean they will be maintaining stock in a system na
so take the print out
if possible do 100 % or else do random verification ( high rate values , high quantity stock lik this )
for eg u find 10 items in statement n physically u find 12 items - it means excess 2 items
u find 10 items in statement n physically u find 7 items - it means short 3 items
lik this u should conduct the stock verification
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- Where to show the RCM on Rent paid to unregistered landlord
- NR GST NUMBER
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Gst Sales of FY 2023-24
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- For REQUIRE INDIVIDUAL GST
- Sec 43 b with regard to MSME
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
