Information about the proper time period over which to retain accounting documents is difficult to find, as are procedures and documentation for organizing and destroying documents. I have discussed about record keeping in general scope so far. From now on, I am going to discuss recordkeeping for specific area, and in this post is recordkeeping for inventory. “Goods in Transit” has unique characteristic, let’s start from this. Read on…   Goods in Transit Inventory Recordkeeping A company receiving inventory typically [...]