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.
To make public issue what are the eligibility criteria for an unlisted company?
Give a brief introduction of the term ‘Accounting Period Concept’?
If partly paid shares are not fully paid up can a company make public issue of equity shares?
As per Companies Act and Income Tax Act compare Depreciation?
Write down the drawbacks of Management Accounting?
Give a brief introduction of the term underwriting?
Give a brief introduction of the term Deferred Revenue Expenditure?
Who make decisions on the denomination of shares in the public issue by a company?
If the issue is greater than Rupees 100 crore what does a company needs to do?
Briefly describe the term Labor Cost?
18,76,764
1955095 Asked
3,689
Active Tutors
1442610
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!