answersLogoWhite

0


Best Answer

stocktaking is a exercise carried out to know the value of items and identify excess or short before valuation

User Avatar

Wiki User

βˆ™ 12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is annual stock taking?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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


Annual Stock Option Grants?

Annual Stock Option Grants Many companies issue annual stock option grants to their employees. Receiving a stream of stock options over a period of years can be an incredible benefit. Use this calculator to project how much a series of annual stock option grants could be worth to you.


How do you figure annual sales?

You can figure annual sales in various ways. The easiest way is by adding the opening stock to the purchases. You should them subtract the closing stock for the year and you will get the annual sales.


What is perpetual and periodic stock taking method?

this is where stock taking is done continously


What is the primary reason for the annual stock take?

To suck it


What is the objectives of periodic stock taking?

periodic stock keeping


What are the differences between stock taking and stock checking?

Chaking


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 is the price-earning?

If you mean the price-earnings ratio. It is the price per share of a common stock divided by the annual earnings of the stock.


What does taking stock mean?

Assessing your situation.