Compare book inventory with physical gold stock and quantify the difference in grams, value and percentage terms.
A negative variance means physical stock is below the expected record; a positive variance means the physical count is higher.
Gold value changes with price, but an inventory discrepancy is often first identified through the physical quantity. Once the weight variance is known, a valuation can be applied consistently.
Yes, provided both expected and counted values use the same definition.
It determines whether a calculated percentage variance is inside the acceptable range you set.