DIFFERENCES DETERMINED AT STOCKS INVETORY AND SOLUTIONING THESE DIFFERENCES
DIFFERENCES DETERMINED AT STOCKS INVETORY AND SOLUTIONING THESE DIFFERENCES

Summary/Abstract: Inventory is the procedure by which the actual existence of patrimony items is determined, described and evaluated; it is the procedure by which the exact situation of patrimony is reflected into accounting. Stocks, as patrimonial elements of the economic agent, undergo inventory under the provisions of accounting law 82/ 2002 and the Ordinance no. 2388/ 15.12.1995 of Public Finances Secretary, and in case differences are established, these are recorded into accounting, thus affecting the results of the exercise, through expenses and incomes. The inventory procedure insures the control and the integrity of company patrimony by making people accountable of the goods they are responsible for and by holding them accountable for missing items.

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