STOCKTAKING is the process of counting and evaluating stock-in-trade, usually at an organization's 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.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). stocktaking. Retrieved September 22, 2026, from http://smartdefine.org/stocktaking/definitions/1164289 |
| Chicago | Barry Goldsmith. 2010. "stocktaking" http://smartdefine.org/stocktaking/definitions/1164289 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, stocktaking, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/stocktaking/definitions/1164289>. |
| MLA | Barry Goldsmith. "stocktaking" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/stocktaking/definitions/1164289> |