Stock accounts uk
Hello. We need to write off stock quantities for a number of slow-moving stock items. I can reduce the stock levels through Adjustments Out as explained on a previous forum post, but how to get the cost into the nominal account I have set up for stock write offs, please? What is stock? | AccountingCoach What is stock? In accounting there are two common uses of the term stock.One meaning of stock refers to the goods on hand which is to be sold to customers. In that situation, stock means inventory.. The term stock is also used to mean the ownership shares of a corporation.For example, an owner of a corporation will have a stock certificate which provides evidence of his or her ownership of a