Meaning PHYSICAL VERIFICATION: A procedure auditors use to ensure that inventory recorded in the book is correct by actually checking out the physical inventory
More terms such as Physical verification in Dictionary P.
- Definition Postponing Income:
- Examples Purposely delaying receipt of income to a later year in order to reduce current tax liability physical verification definition.
- Definition Precautionary Motive:
- Examples A desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay physical verification explain.
- Definition Present Value Factor:
- Examples Factor used to calculate an estimate of the present value of an amount to be received in a future period. If the opportunity cost of funds is 10% over next year, the factor is [1/(1 + 0.10 physical verification what is.
- Definition Purchasing Power Parity:
- Examples The notion that the ratio between domestic and foreign price levels should equal the equilibrium exchange rate between domestic and foreign currencies physical verification meaning.
- Definition Painting The Tape:
- Examples Illegal practice by traders who manipulate the market by buying and selling a security to create the illusion of high trading activity and to attract other traders who may push up the price physical verification abbreviation.
