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February 28, 2026, 01:53:36 pm
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Author Topic: Stock Cards & Stock Loss  (Read 1037 times)  Share 

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Flying Emu

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Stock Cards & Stock Loss
« on: September 20, 2012, 05:35:21 pm »
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When recording a stock loss in a stock card, is the cost for the lost units the lowest unit cost?
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abcdqd

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Re: Stock Cards & Stock Loss
« Reply #1 on: September 20, 2012, 05:52:33 pm »
+1
stock losses are recorded with the FIFO principle so it is assumed that the oldest units of stock are lost before the more recently purchased
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BoredSatan

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Re: Stock Cards & Stock Loss
« Reply #2 on: September 20, 2012, 07:42:59 pm »
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Quote from: Flying Emu on September 20, 2012, 05:35:21 pm
When recording a stock loss in a stock card, is the cost for the lost units the lowest unit cost?
No always use FIFO
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