Outline the main causes of differences between actual and book balances of stock

      

Outline the main causes of differences between actual and book balances of stock

  

Answers


Ruth
a) Evaporation or absorption of moisture, or effects of changes in temperature.
b) Unavoidable approximations of quantities issued
c) Deterioration of food through effects of weather eg rusting, spoilage, contaminations, etc
d) Petty thefts or misappropriations
e) Breakages; arising out of careless handling
f) Errors in books where entries are made incorrectly in bin cards or stock ledger sheets
from source documents
g) Erroneous over or under issues
h) Illegible handwriting
i) Addition or subtraction errors.
j) Figures not well written
NatalieR answered the question on May 16, 2022 at 08:42


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