N.Y. Comp. Codes R. & Regs. tit. 10 § 451.42

Current through Register Vol. 46, No. 45, November 2, 2024

Section 451.42 - Book inventory

(a) An inventory which is not the result of actual stocktaking but of adding the units and the cost of incoming goods to previous inventory figures and deducting the units and cost of outgoing goods.

(b) The balances of materials or products on hand in quantities, dollars, or both, appearing in perpetual-inventory accounts.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.42