1. BUSINESS HIGH SCHOOL-RECORD KEEPING
Preparing Purchase
Requisitions
and
Open Order
Reports
Record Keeping for Stock Record Clerks
Unit 6
Keeping Stock
Records
Checking Stock
Records
Essential Learning Expectations:
Businesses are able to keep accurate records of their actual stock by using a variety of inventory systems.
The perpetual inventory system keeps a running balance for each item of stock.
A periodic inventory system is also referred to as a physical inventory and the physical inventory may be counted as often as once per week. There are many advantages to a computerized inventory system.
Stock records provide data to purchasing agents, who buy additional merchandise when it is needed.
Content Vocabulary:
Chaining
Open Order
Periodic Inventory
Perpetual Inventory System
Purchase Requisition
Purchasing Agent
Stock
Stock Record Clerk