Abstract
As every retailer knows, an annual physical inventory of all merchandise is required by federal income tax law. However, this should not be your only reason for taking inventory. A physical inventory serves several purposes that are as important as satisfying the legal requirement. But unless it is meticulously taken to ensure its accuracy, you will find that the information obtained is worthless and misleading.
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© 2007 Read Hayes
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Hayes, R. (2007). Inventories. In: Retail Security and Loss Prevention. Palgrave Macmillan, London. https://doi.org/10.1057/9780230598546_18
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DOI: https://doi.org/10.1057/9780230598546_18
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-28260-9
Online ISBN: 978-0-230-59854-6
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)