P Indian uses perpetual inventory and during the year carries out physical stocktakes of certain inventory items.

During the year ended 30 June 2022, P Indian carries out two partial physical stocktakes of certain stock items and a full end-of-year stocktake on 30 June 2022. The results of these three separate stocktakes are shown in figure 10.82.

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Date 31 October 2021 28 February 2022 30 June 2022 Inventory Account Value Physical Count Value 7 500 7000 9 000 28 700 8 900 27 800