FISCAL QUARTER Definition

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FISCAL QUARTER is any of the four financial accounting quarters within a fiscal year. See FISCAL YEAR.

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BAY, in business / accounting, means Buy Another Yearly.

STOCKTAKING is the process of counting and evaluating stock-in-trade, usually at an organizations year end in order to value the total stock for preparation of the accounts. In more sophisticated organizations, in which permanent stock records are maintained, stock is counted on a random basis throughout the year to compare quantities counted with the quantities that appear in the, usually, computerized records.

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