WHAT IS THE CONDITION OF THE INVENTORY?
Physical check show that inventory actually exists?
Is inventory salable, or is it out-of-date or badly deteriorated?
WHAT IS THE STATE OF THE COMPANY’S OTHER ASSETS?
Addition to the physical facilities and the inventory.
For example, other machinery computers, copies,
Are these assets obsolete?
Firm’s records who is a good credit risk
and who is not decide how much credit to extend
to the prior customers.
Information for inventory-control purposes
Reduce the risks of over-or under-stocking.