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Inventories

In: Retail Security and Loss Prevention

Author

Listed:
  • Read Hayes

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.

Suggested Citation

  • Read Hayes, 2007. "Inventories," Palgrave Macmillan Books, in: Retail Security and Loss Prevention, edition 0, chapter 18, pages 220-223, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59854-6_18
    DOI: 10.1057/9780230598546_18
    as

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