1.6 stores accounting and stock verification of materials are?

Answer 1

Stores accounting and stock verification of materials are the processes and activities involved in keeping track of inventory levels and verifying the accuracy of stock records in a company's stores or warehouse. This includes recording the receipt, issuance, and usage of materials, as well as conducting physical stock counts and reconciling differences between the recorded stock levels and actual stock on hand. These processes are crucial in ensuring efficient inventory management, preventing stockouts or overstocks, and detecting and preventing theft or fraud.