Abstract:
PQR limited is limited liability Company which is engaging a retail business as a
super market with more than 300 Outlets Island wide. It imports and locally
purchases groceries, provisions, liquor, house hold items and fruits &
vegetables, and distribute to the outlets using 5 warehouses. Normally they
conduct a physical stock verification at the end of every financial year of
assessment. On that time of stock count, the company value the stock at selling
price.
