BUSINESS HIGH SCHOOL-RECORD KEEPING

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BUSINESSHIGH SCHOOL-RECORD KEEPING
Preparing Purchase Requisitions and Open
Order Reports
Record Keeping for Stock Record Clerks Unit 6
Keeping Stock Records
Checking Stock Records
Content Vocabulary Chaining Open
Order Periodic Inventory Perpetual Inventory
System Purchase Requisition Purchasing
Agent Stock Stock Record Clerk

• Essential Learning Expectations
• Businesses are able to keep accurate records of
  their actual stock by using a variety of
  inventory systems.
• The perpetual inventory system keeps a running
  balance for each item of stock.
• A periodic inventory system is also referred to
  as a physical inventory and the physical
  inventory may be counted as often as once per
  week. There are many advantages to a
  computerized inventory system.
• Stock records provide data to purchasing agents,
  who buy additional merchandise when it is needed.