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Stock audit

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(Querist)
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
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Sandeep Dharar

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Sandeep Dharar (Expert)
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
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Krishna Murari Dadhich

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Krishna Murari Dadhich (Querist)
16 May 2014 Thanks for the reply!! As i am a Artical Assistant. So, i asked the same as my Principal asked me to go on a Stock Audit from Monday!!
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Sandeep Dharar

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Sandeep Dharar (Expert)
17 May 2014 K, U can convey ur thanks by hitting the thanks button.
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