Restuarant stock audit

can anyone have idea about the restaurant stock audit.. I want to know the flow and checklist for exclusively for restaurant stock audit... if anyone there please advise or give ur contact I'll contact personally.. Thanks in advance
Replies (6)
Quick Summary
This discussion explores the process and essential checklist for conducting a restaurant stock audit. While initially mentioning loan documents, the focus clarifies to exclusively cover inventory management. The aim is to provide guidance on the practical steps and necessary checks for an effective stock audit within a restaurant setting.

Check restaurants stock register

Check Stock insurance premium copy

Loan documents of restaurant for the loan taken

Check that whether loan is given as per limit prescribed and it is within it's sanction and drawing limit

physically verify the restaurants stock each item and valuation should be checked

check whether restaurant has availed any loan previously or not

Check restaurants audit report and ITR copies

check the collateral security which has mortgaged by the restaurant whether it exists or not and also the valuation of the security
Thank you sourav.. but i need exclusively for inventory audit... whats the Purpose to check loan ??
Basically stock audit is conducted by banks who granted loan to entities by CA's
Its internal purpose

OD loans interest is not capitalised unlike construction contracts. Internally it’s not required, 

Then verify the internal assets

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register