what is stock recocilation?? how to do it????
rajeev
(Accountant)
(159 Points)
Replied 01 August 2012
Hi
Akash Stock reconcialation means Stock on paper & stock actual.
cuz.some time it happens that on paper it shows more but physically when you took you will find less, it happen due to error of omittion or error of malpratice of accounting.
That why in every month in a organisation Physical Stock is checked.
Thanks
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