Jul 7, 2009 21:54
14 yrs ago
English term

stock card

English Bus/Financial Accounting
Used to help in finding the closing stock when doing accounts. i want to know if when starting up the stock card, should you start with the starting capital?
Change log

Jul 9, 2009 02:15: Rafal Korycinski changed "Level" from "Non-PRO" to "PRO"

Votes to reclassify question as PRO/non-PRO:

PRO (3): Stanislaw Czech, MCIL CL, Mohamed Kamel, Rafal Korycinski

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Responses

+2
1 day 4 hrs
Selected

you don't start with starting capital

I am not sure if I understand well the term, but if I do stock card is just a kind of a register of the stocked items. You start it when you receive a delivery of a new product. Starting capital (as any capital) is calculated in $$ or any other currency, while stock card shows the quantity (in pieces, kilogrammes, m3 or another unit) of a product that is on stock.

Stock card may also include some other raw data, like the purchase details (date of delivery, price, etc.) and some calculated data, like average price.
Peer comment(s):

agree Gary D
5 hrs
Thank you, Gary!
agree Finlegal (X)
4 days
Thank you, Mirela!
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
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