Stocktake Planning — Assessment

1. What is a cycle count?

A type of sale A tax filing Counting a slice of stock regularly while trading continues Counting everything at once with the store closed

2. Why freeze stock movement during a count?

To raise prices No reason For tax Moving stock during counting creates phantom variances

3. What is a blind count?

Counting twice Counting without seeing the expected figure, to reduce bias Counting with eyes closed Not counting at all

4. Before adjusting a variance, you should first:

Ignore it Investigate and recount big gaps, then adjust with a reason Raise prices Delete the stock

5. Why record a reason for each adjustment?

For no reason To slow work It is decorative So future variances tell a story instead of a mystery

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