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Conducting stocktake

Preparing and Conducting Stocktakes

PREPARING AND CONDUCTING STOCKTAKES By Ayoade Apelegan What is Stocktaking? Stocktaking is a form of inventory control. Stocktake is the manual counting and recording of all inventory a business has on hand.  STOCKTAKE AND ITS IMPORTANCE At the end of each financial year, all businesses must account for the value of their trading stock (closing stock) and also at the…

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