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.
Accounting Theory 7edition, by Godfrey J., Hodgson A., Tarca A., Hamilton J., and Holmes S. Chapter 2: Theory in Action 2.2 “Normative Theories of Investment” Chapter 3: Theory in Action 3.1 “Companies should come clean on the value of leases on their books” Chapter 5: Theory in A
Describe briefly the term Balance Sheet? Why is Balance Sheet prepared?
While preparing a bank reconciliation statement what are the significant things to be remembered?
Give a brief introduction of the term ‘secured premium notes’?
Give a brief introduction of the term venture capital? And also write its significance?
Give brief information about the term ‘Margin of Safety’?
On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250,000 Fixtures 150,000 Prepare the jour
Write down the main Current Assets?
Write down the Distribution and Selling Overheads?
Give brief introduction of Accelerating Premium System of premium payment?
18,76,764
1948781 Asked
3,689
Active Tutors
1442833
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!