Periodic Inventory

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Definitions
Periodic Stocktaking (Periodic Inventory)
Periodic Stocktaking Periodic Inventory Stock Evaluation Accounting Period Financial Reporting Inventory Management
Periodic stocktaking, also known as periodic inventory, refers to the counting or evaluating of stock held by an organization at the end of an accounting period. This process involves recording the physical number of goods on hand and is essential for determining accurate inventory levels and ensuring proper financial reporting.
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