Week 7 - Work We Do At Year End Flashcards
(3 cards)
1
Q
What is the first bit of work we do at the year end?
A
Inventory/stock-take
2
Q
What is the second bit of work we do at the year end?
A
Look at last goods dispatched notes and goods received notes - cut-off important
3
Q
Why is cut-off important?
A
Ensuring income and expenses recorded in correct period
