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Physical Verification Of Stock
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Stock Audit Is A Statutory Process Which Every Business Institution Needs To Perform At Least Once In A Financial Year. As Far The Stock Audit Process Is Concerned, The Process Mainly Involves The Counting Of Physical Stock Presenting The Specified Premises And Verifying The Same With Computed Stock Maintained By The Company. The Reason And Purpose Behind Executing This Is To Correct The Discrepancies Present In The Book Stock When Compared To Physical Stock By Passing Necessary Adjustment Entries.

 
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