Stock for a Bed and Breakfast

confoosed
confoosed Feels At HomeRegistered Posts: 38
Can anyone help me.
I've got to get together some documents for the year end (which was in March) for a bed and breakfast. The one that is confusing me is stock at year end.

What consitutes stock for a B&B, I assume it's food and drink. How do I work out what the closing stock would have been?

Hope someone can help.

Thanks in advance.

Comments

  • burg
    burg Experienced Mentor GloucesterModerator, FMAAT, AAT Licensed Accountant Posts: 1,441
    You could ask the client. I doubt there is much worth worrying about though.
    Regards,

    Burg
  • bumblebee
    bumblebee Well-Known Registered Posts: 135
    You could add up the the last lot of purchases if there were any (just before the year end), you might get a rough idea. Considering its BB there might not be much, but it depends.
  • confoosed
    confoosed Feels At Home Registered Posts: 38
    The clients are worse than useless so they definitely won't be able to help!!! I'll just take a rough guestimate based on purchases.

    Thanks all, I was panicing a bit!!
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