Stock audit
This query is : Resolved
Krishna Murari Dadhich
(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
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
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!!
Sandeep Dharar
(Expert)
17 May 2014
K, U can convey ur thanks by hitting the thanks button.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Capital gains in IT returns
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Intimation under section 245
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
