stock card

English translation: you don't start with starting capital

21:54 Jul 7, 2009
English language (monolingual) [PRO]
Bus/Financial - Accounting
English term or phrase: stock card
Used to help in finding the closing stock when doing accounts. i want to know if when starting up the stock card, should you start with the starting capital?
Christine Wilkinson
Selected answer:you don't start with starting capital
Explanation:
I am not sure if I understand well the term, but if I do stock card is just a kind of a register of the stocked items. You start it when you receive a delivery of a new product. Starting capital (as any capital) is calculated in $$ or any other currency, while stock card shows the quantity (in pieces, kilogrammes, m3 or another unit) of a product that is on stock.

Stock card may also include some other raw data, like the purchase details (date of delivery, price, etc.) and some calculated data, like average price.
Selected response from:

Rafal Korycinski
Poland
Local time: 10:15
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +2you don't start with starting capital
Rafal Korycinski


  

Answers


1 day 4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
you don't start with starting capital


Explanation:
I am not sure if I understand well the term, but if I do stock card is just a kind of a register of the stocked items. You start it when you receive a delivery of a new product. Starting capital (as any capital) is calculated in $$ or any other currency, while stock card shows the quantity (in pieces, kilogrammes, m3 or another unit) of a product that is on stock.

Stock card may also include some other raw data, like the purchase details (date of delivery, price, etc.) and some calculated data, like average price.

Rafal Korycinski
Poland
Local time: 10:15
Native speaker of: Native in PolishPolish
PRO pts in category: 4
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Gary D
5 hrs
  -> Thank you, Gary!

agree  Finlegal (X)
4 days
  -> Thank you, Mirela!
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