Inventory
An inventory is a physical listing of all the components of a company and its debts at some specific point in time.
Brief description
The task of the inventory is to examine the value of assets and debts at a certain time in the company, evaluate and determine them. The result of the inventory is reflected in the inventory. According to commercial law, a commercial enterprise is required to take inventory at the end of each business year. The following methods can be used to conduct an inventory:
| Timely inventory | The inventory is carried out each year on a fixed date (balance sheet date) or at a specific time. |
| Inventory using random sampling | In this option, a selected partial conversion is carried out based on statistical methods. |
| Continuous inventory | The basis for the calculation is the stock ledger. Physical examination of the stock takes place at least once a year. The stock is then transcribed for further maintenance of the stock ledger. |
| Inventory postponed | For this type of forward or backward shifted inventory, it can be done three months before or two months after the balance sheet date. The requirement for this is to have the right program. |
The type of method used is determined by each enterprise on its own.