- periodic stocktaking
- = periodic inventoryThe counting or evaluating of the stock held by an organization at the end of an accounting period. Movement of stock is restricted during the period of stocktaking
Accounting dictionary. 2014.
periodic stocktaking
Look at other dictionaries:
periodic inventory — periodic stocktaking … Accounting dictionary
perpetual inventory — PI A system of inventory control that regularly updates inventory quantities. A PI system may be *real time, or there may be a slight delay between inventory movements and the updating of inventory balances. Auditors often place reliance on PI… … Auditor's dictionary
