Physical verification of stores

Item No.       Location     Physical Balance       Balance as per Books      Variance(+/-)      Remarks      

*NOTE: Item No. will be printed on the store item, if its not der, u can ask store keeper to specify such no. through computerised a/c if possible, or you can yourself identify item no. by seeing similar item.

* Generally Location is specified by way of Bin Cards. Sometimes the items are kept on the ground, then one should mention the corner or direction of ground.

*The very essence of physical verification is that you should first physically count each and every item, and then only you should fill the "Balance as per Books" Column and compute variances.

* Every sheet of Physical Verification must be signed by store keeper and the person taking physical on day by day basis.