Inventory Worksheet Law and Legal Definition

Inventory worksheet refers to a worksheet that is used to count the actual numbers of items in stock while taking inventory. The entry that is made in the worksheet is compared with the available records. Inventory staffs appointed to count the stock will record the details about stock in inventory worksheet. Information contained in the inventory worksheet can be used to trace theft, track shrinkage, and make adjustments in the financial records to make it match with actual count. The entry made by the inventory staff in inventory worksheet is calculated together to find out a store’s inventory.