Financial Management: How to Keep Records on Stock
| Date of acession | 2024-12-18T13:10:57Z | |
| Date of availability | 2024-12-18T13:10:57Z | |
| Date of issue | 2013 | |
| Abstract | This document focuses on the essential practices for maintaining accurate records on stock, specifically for businesses dealing with agro-inputs. Proper record-keeping of stock, including purchases, sales, and supplier details, is vital for efficient inventory management. This enables businesses to track stock levels, identify products that need restocking, and prevent stock obsolescence. Key aspects discussed include the importance of maintaining separate records for each product, the First-In-First-Out (FIFO) principle for managing product expiration, and the handling of obsolete stock. Through practical exercises and examples, the document emphasizes how to keep clear and accurate stock records, providing businesses with the tools to enhance their decision-making processes and overall financial management. | |
| URL | https://hub.ifdc.org/handle/20.500.14297/3356 | |
| Language | en | |
| Subject | Records | |
| Title | Financial Management: How to Keep Records on Stock | |
| Type | Learning Object |