Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 213 views

    Bin Card and Stores Ledger

    Uploaded by

    sahilfuria
    Records of materials received, issued, and transferred are maintained through bin cards and a stores ledger. Bin cards kept by storekeepers record quantitative inflows and outflows of materials and include minimum and reorder levels. The stores ledger maintained by cost accounting includes quantity and value information in a loose-leaf format. Key differences are that bin cards focus on quantitative data and real-time updates while stores ledgers include monetary values and may summarize transaction postings.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Bin Card and Stores Ledger

    Uploaded by

    sahilfuria
    213 views8 pages
    Records of materials received, issued, and transferred are maintained through bin cards and a stores ledger. Bin cards kept by storekeepers record quantitative inflows and outflows of materials and include minimum and reorder levels. The stores ledger maintained by cost accounting includes quantity and value information in a loose-leaf format. Key differences are that bin cards focus on quantitative data and real-time updates while stores ledgers include monetary values and may summarize transaction postings.

    Original Title

    SUKESH

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Records of materials received, issued, and transferred are maintained through bin cards and a stores ledger. Bin cards kept by storekeepers record quantitative inflows and outflows of materials and include minimum and reorder levels. The stores ledger maintained by cost accounting includes quantity and value information in a loose-leaf format. Key differences are that bin cards focus on quantitative data and real-time updates while stores ledgers include monetary values and may summarize transaction postings.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    213 views8 pages

    Bin Card and Stores Ledger

    Uploaded by

    sahilfuria
    Records of materials received, issued, and transferred are maintained through bin cards and a stores ledger. Bin cards kept by storekeepers record quantitative inflows and outflows of materials and include minimum and reorder levels. The stores ledger maintained by cost accounting includes quantity and value information in a loose-leaf format. Key differences are that bin cards focus on quantitative data and real-time updates while stores ledgers include monetary values and may summarize transaction postings.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    You are on page 1of 8

    BIN CARD AND

    STORES LEDGER
    STORES RECORDS

     Records maintained for material


    received, issued and transferred.

     Two sets of records maintained


     BIN CARD
     STORES LEDGER
    BIN CARDS
     Quantitative record of ‘inflow’ and
    ‘outflow’ of materials.

     Maintained by the storekeeper.

     Two bin system


     Minimum stock level
     Re-order stock level
    FORMAT OF BIN CARD
          X Y Z COMPANY LTD    

    Bin No. Minimum Level

    Description Re-order Level

    Code No. Re-order Quantity

    Stores Ledger Folio No.  


                   

    Date Receipts   Issues   Balance Stock Verification  


      Ref No. Quantity Ref No. Quantity Quantity Date Initials
                   
                   
                   
                   
                   
                   
                   
                   
                   
    ILLUSTRATION
          X Y Z COMPANY LTD    

    Bin No. 100 Minimum Level 200 units

    Description abc Reorder Level 350 units

    Code No. 101 Reorder Quantity 500 units

    Stores Ledger Folio No 102  


                   

    Date Receipts   Issues   Balance Stock Verification  


      Quantity Quantity Quantity
    Nov 2000 Ref No. units Ref No. units units Date Initials
                   
    5          600     
    8       xxx   250 350     
    10      xxx  150  200     
    12  xxx    500     700     
    15      xxx  400  300     
    16  xxx    250     550     
    19  xxx  500      1050     
    21      xxx    250 800     
    STORES LEDGER
     Quantity with money values.

     Done by the costing department.

     Maintained in the form of loose leaf


    cards.
    FORMAT OF STORES LEDGER
          XYZ COMPANY LTD.            

          Stores Ledger            

    Name of the Article Maximum stock Level  

    Specification Minimum stock Level  

    Store Code No. Ordering Stock Level  


                             

    Date Source of   Receipts     Issues       Balance    

      Receipts Quantity Rate Amount Issues to Qty Rate Amt Qty Rate Amt Remarks

                             

                             

                             

                             

                             
    DISTINCTION
    BIN CARD STORES LEDGER
    It is maintained by It is maintained in costing
    storekeeper in the store. department.

    It contains only quantitative Information both in quantity


    details. and value.

     Entries made when  It is always posted after the


    transactions take place. transaction.

     Each transactions is Transactions maybe


    individually posted. summarised and then posted.

    You might also like