Temporary Staff Replacement – Outlet Capital Accountability

Temporary Staff Replacement – Outlet Capital Accountability

When a staff member at a DEIL outlet is on leave or vacation, and a new manager is assigned, it is critical to ensure that all capital—whether in cash or goods—is properly accounted for during the handover.

- Capital Calculation Formula:

$$\text{Remaining Capital (in Naira or Goods)}=A+B-C$$

Where:

• A = Initial Invested Capital (Selling Value) → ₦1,000,000

• B = Total Restocking Capital (Selling Value) → ₦3,000,000

  • Restock 1: ₦1,000,000

  • Restock 2: ₦1,000,000

  • Restock 3: ₦1,000,000

• C = Total Deposits Returned to Company Bank → ₦900,000

  • Deposit 1: ₦300,000

  • Deposit 2: ₦300,000

  • Deposit 3: ₦300,000

- Result:

$$\text{₦}1,000,000+\text{₦}3,000,000-\text{₦}900,000=\text{₦}3,100,000$$

>> Total capital to be accounted for: ₦3,100,000 (either in goods or cash/selling value equivalent).

- Important Remark:

All goods must strictly reflect what was restocked, based on their original selling values.
There must be no discrepancies between the documented restocking and the physical goods or sales returns during the transfer of responsibilities.