Frankly speaking this is the very first time that we are having a discussion on such topic, as we have always restricted our self to various subjects and topics which can help us in setting an orga…
Frankly speaking this is the very first time that we are having a discussion on such topic, as we have always restricted our self to various subjects and topics which can help us in setting an organization or understand the meaning of the same. In fact there has been hardly any conversation in which we have covered any other topic other than understanding various facts related to type of organisations and their advantages.
But if we admit the truth this method of ours has finally reached to a position where adding a twist is very much necessary thence we are here with the very first new concept of ours which is none other than ‘inventory management system’. To be more precise in this particular article we’ll try and cover all the various facts which are very much related to this term, so that when you deal with the same you hardly face any problem.
Starting with the basic definition first, this is a process or procedure in which auditor conform facts related to company’s assets. Although this very process can be easily completed by a single person itself, but in case particular organisation is a bigger one then more can get involved for the completion of the process as well. Also while verifying, chartered accountant India can also go through financial records, policies and other contract which can be mentioned as assets but are not available in company.
Moving further, let’s talk about physical verification, according to what has been mentioned in books of rules this particular step is very important for municipality internal control over assets. Not only this, this particular act also helps in checking the accuracy of records which are maintained by the company as well.
Stepping ahead, we all know time has changed which means completing all these various task in tougher manner in no more compulsory. In fact you may get surprised but these are the days when we are provided with various software’s which can help in abundance in get getting these task done in easier manner. For example there are software’s which can help in maintaining a track record of in and out. But like all the various other services there are few advantages and disadvantage which are related to these services as well and we would like to cover them as well. But again this is something we’ll be accomplishing in our next conversation with few more facts related to company registration in India. As this way we’ll be provided with more space to work in