how to conduct stock audit of resturant
Stock audit of resturant???
(Guest)
CA Dauzi Pathan Imran Khan
(Chartered Accountant in Practise)
(1678 Points)
Replied 31 July 2014
Step 1: Stop issues from stores or start your audit when there are no/low transactions (not peak period)
Step 2: Take print out of closing stock of all items from Computer Software if maintained by management or manual Stock Register or else take sheets of white paper and write down every item (if 100% PSV) or random item selected by you. Follow ABC analysis if Random Stock verification i.e., high Value, moderate value and low value items should be selected in manner 70-20-10 repectively.
Step 3: If any issues are made during your PSV, reconcile with Closing stock in Stock Register (computerized or manual)
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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