Stocktaking
Stocktaking is the physical counting and verification of inventory on hand at a specific point in time. It ensures the accuracy of recorded inventory levels, helps identify discrepancies due to loss or error, and supports valuation for financial reporting, especially under periodic inventory systems.
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Share Capital
Share capital is the total amount invested in a company by shareholders in exchange for shares. It represents a key…
Sales Revenue
Sales revenue is the total income generated from selling goods or services before deducting any costs or expenses. Itβs the…
Service Revenue
Service revenue is income earned from providing services rather than selling physical goods. It is recognised when the service is…
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