Obsolete Stock – SOP

$2.99

To establish the requirement of providing adequate provisions in order to cover the loss of value in inventory due to obsolescence and deterioration.

SKU: FI 014 Categories: , Content:

Objective:

To establish the requirement of providing adequate provisions in order to cover the loss of value in inventory due to obsolescence and deterioration.

“…Most Hotels already have a provision established and it should only be adjusted on a periodic basis to reflect significant changes in the level of provision required as indicated by the Slow Moving/ Obsolete Stock Report…”


Details:

Department : Finance
File Size: 21 KB
File Format: Word
Print Length: 01 page
Document Type: SOP
Content: Intermediate
Language: English
Editable: Yes

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