What is the definition of Physical verification? | Dictionary.net

PHYSICAL VERIFICATION

\fˈɪzɪkə͡l vˌɛɹɪfɪkˈe͡ɪʃən], \fˈɪzɪkə‍l vˌɛɹɪfɪkˈe‍ɪʃən], \f_ˈɪ_z_ɪ_k_əl v_ˌɛ_ɹ_ɪ_f_ɪ_k_ˈeɪ_ʃ_ə_n]\

Definitions of PHYSICAL VERIFICATION

1910 - Black's Law Dictionary (2nd edition)

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To physically count the number of items in a company's stock, usually done when an audit is being done of the company. If an asset will not be used anymore, it shall be noted down on the balance sheet of the company.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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