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18.10
SUMMARY OF STOCK
CONTROL
© Michael Allison, Trinity Grammar School.
Author’s permission required for external use
18.10 SUMMARY OF STOCK CONTROL
Stock Control [A]
Stock is purchased from
suppliers
There is a stock gain
The owner contributes stock
personally
Stock is sold to customers
There is a stock loss
The owner withdraws stock
for personal use
Stock is donated for
advertising purposes
Sales return from a
customer
Purchase return to a
supplier
Stock write down to the Net
Realisable Value

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18.10 summary of stock control

  • 2. © Michael Allison, Trinity Grammar School. Author’s permission required for external use 18.10 SUMMARY OF STOCK CONTROL Stock Control [A] Stock is purchased from suppliers There is a stock gain The owner contributes stock personally Stock is sold to customers There is a stock loss The owner withdraws stock for personal use Stock is donated for advertising purposes Sales return from a customer Purchase return to a supplier Stock write down to the Net Realisable Value