Stores Ledger and Bin Card
Make a distinction between Stores Ledger and Bin Card?
Expert
- Bin Card is a quantitative record of the specific item of its receipts, issues and closing balance while Stores Ledger records both the quantity and cost of receipts, issues and balances of item of material received. - Bin Card is made by stores department while Stores Ledger is made by costing department. - In Bin Card system, entries are made instantly after each and every transaction. In Store entries, Ledger is made sometimes.
- In Bin Card, postings are prepared ere a transaction. In Store Ledger, posting is prepared subsequent to a transaction.
- Bin Card is kept attached to the bins within the store as to facilitate to recognize the stock. Store Ledger is kept outside the store.
What does reconciliation of time booked and time attended tell us?
Write down the merits and drawbacks of credit rating?
Give a brief introduction of the term Revenue Expenditure?
What account is salary outstanding? Is it real, personnel or nominal account
Briefly describe the purpose of ratio analysis.
What are the qualities that would make you a good accountant?
Give a brief introduction of the term ‘Break Even Point’. And as well write down is usefulness in making business decision?
Briefly describe the term Gross Profit?
Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. New plant would increase sales volume by Rs. 40,00
What are the information do you require before you approve any invoice for payment?
18,76,764
1929416 Asked
3,689
Active Tutors
1424777
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!