Accounting Knowledge: Regular Inventory

Prearranged time During the fixed time of the fiscal year, the inventory of property, debt, debt and money shall be checked in accordance with the requirements of the accounting procedure under normal operating conditions. This is the main form of property checking.

Regular checks on fitness conditions are generally suitable for checking before checkout, as checked at the end of the month, at the end of the year and at the end of the year.

Regular check can be partial check, or it can be comprehensive Check. In general, local inventory is carried out at the end of the month and the end of the season, mainly for materials, commodities, finished products, products, cash, bank deposits, bank loans, claims and debts, etc. at the end of the year, a comprehensive inventory is carried out to check all kinds of property, money, capital and creditor's rights and debts.

Purpose and function in compilation accounting It is found that the accounts are inconsistent with the statements before adjusting the account records, ensuring the consistency of accounts and ensuring the authenticity and reliability of accounting information.