Stock - recording and valuation

Stock recording and evaluation gives a numerical value to stock

What is net realizable value?

Reports is one of the aspects of stock-recording and valuation.Reports are very important because they bring together several key pieces of financial information about businesses.Think of it this way,while your income ledger may tell you that your business brought in alot of money during the year,you may have no way of knowing whether you turned a profit without measuring your income against your total expenses . And even comparing your monthly totals of income and expenses won't tell you whether your credit customers are paying fast enough to keep adquate cash flowing through your business to pay your bills on time. that is why you need financial reports , to combine data from your ledgers and sculpt it into a shape that shows you the big picture of your business .

What is source document?

Stock control accounts being recorded help control values of the stock.

Un debido registro sobre todos los actos de la empresa contables administrativos stock etc nos permite tener la debida información y si hay un error se pude recurrir a los documentos fuentes para contrastarlos

What is source document?

Net realizable value is a valuation technique mandated under Generally Accepted Accounting Principles. The technique requires that you calculate the estimated selling price of inventory items, less any reasonably predictable costs of: ◾Completing the inventory ◾Transporting the inventory ◾Disposing of the inventory

What is FIFO?