Outrageously Funny Word Dictionary :: Prestock

👉 In accounting, "prestock" is a term used to describe an initial inventory count before any sales transactions are recorded. This means that the company has not yet sold any goods or services and therefore does not have any inventory on hand. The purpose of this initial count is to ensure that there is no overstocking of stock in the future, as it would lead to potential losses if excess inventory were to be held on hand. In summary, prestock refers to an initial inventory count before any

prestock