16 May 2014
Please let me know about Stock Audit!! i.e What is the procedure to start?? What all Accounts to verify?? Any Physical verification stock is to be done?? How to End?? Etc
16 May 2014
Yes Krishna Physical Verification is Must. It is most important, If u forget or dont do physical verification, then it is same as no Audit. U must watch the Op stocks, purchases, sales, any loss(Normal or Abnormal) and abnormal gain(if any) then inquire about that. The Ratios