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.
AUTHORIZATION OF STOCK is the provision in a corporate charter giving permission to issue stock.
BAD DEBT EXPENSE see UNCOLLECTIBLE ACCOUNT EXPENSE.
Enter a term, then click the entry you would like to view.