take stock(of sth)(in a shop,warehouse,etc)
In some lines of business, an inventory may be taken at the close of each month.
Are you about ready to start taking inventory?
Next week we shall be closed for stock-taking.
The food store took stock every week.
The business can determine the cost of ending inventory and the cost of goods sold directly from the accounts without having to count the merchandise.
The boss always gets in a lather during stocktaking time.
All inventories shall be taken stock periodically.
The warehouse is closed for the annual stocktaking .
Taking a physical inventory means making a systematic count of all merchandise on hand.
The balance of the inventory account under the perpetual inventory system should give the cost of inventory on hand at any time.
9 department heads must check the sequential number of inventory checking list and inventory cards.
When the periodic inventory is being used, a physical inventory must be taken to determine the amount of the ending inventory.
2 approved by store manager, and then accounting head shall execute inventory procedure.
3 to avoid any error that might lead to the wring and prejudicial decisions in the future.
adequate inventory records
In the periodic inventory system, the amount of inventory at the balance sheet date is determined by counting and pricing the goods on hand.
Consequently, a physical inventory must be taken in order to determine the cost of the ending inventory at the end of an accounting period.