Explain the process and methods of stock verification.

Stock verification, also known as inventory verification or stock audit, is the process of physically counting and reconciling the actual physical stock of goods or materials with the stock records maintained in the books of accounts. This process is essential for businesses to ensure accuracy in inventory management, prevent stock losses, identify discrepancies, and maintain the overall integrity of financial reporting. Below, I will outline the steps and methods involved in stock verification:

**1. Planning and Preparation:**
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