> Should i know the details of stock taking?

Should i know the details of stock taking?

Posted at: 2014-12-05 
Who is "he". On whose behalf did "He" carry out the stock check. Who is the legal owner of the stock? Who will be responsible for any shortages?

Is this like a franchise where you run the shop but it is owned by another person / company / corporation?

If this is the case the you absolutely need to know what the stock check says - and if "He" refuses, you MUST get an independent valuation, otherwise you could end up getting shafted for "missing" stock which was never there.

Who is he? The seller?

If you're buying the business, YOU should verify the quantity and cost of the inventory that you're buying. Don't rely on someone else's calculations

If he's not going to tell you, you must assume he's lying about the value of the inventory. Do your own.

He is hiding the real value of the stock

He certainly CAN ell you what invenotory is on hand that you just bought.

i just bought a small business (convenient store) and as procedure there was a stock take.

however, when i ask for the details of the stock take, (exact amount and price of each item) he refuses to tell me saying that he's not allowed to do that. he only gives me a very brief saying. eg 'cool room - $2862'. but i want to know, how many cans he counted, how many bottles of coke etc.

so i'm asking, is he really not allowed to tell me or is he just trying to hide something