Inventory: Does a price discrepancy effect my stock holding?

Hi,

Price changes or discrepancies do not affect the quantity of goods held. Price discrepancies may have an affect on the ACTUAL cost of sales and create a gap between the actual and theoretical costs.

If you have a quantity discrepancy then you may wish to consider the following;

• Have all deliveries been recorded?
• Are there any outstanding site transfers?
• Have supplier returns been approved?
• Was there any petty cash purchase of the product? has the purchase been recorded?
• Has waste of the product been recorded?

I hope this helps,

Best

Claire

Fourth