Question
Download Solution PDFWhich of the following keeps a record of receipts, issues and running balance of certain items of stock, especially of fitting items?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept
Stock items:
- Stock items are defined as material resources that are held in storerooms and issued to activities that require the materials to be completed.
- The stock item record determines whether or not the type of stock can be purchased, repaired, tracked, and so on.
Bin cards:
- Bin means a rack, container, or room where goods are kept. Bin cards are printed cards used for accounting for the stock of material, in stores.
- A bin card is a quantitative record of receipts, issues, and closing balance of each item of stores. For every item of material, separate bin cards are kept.
Last updated on May 28, 2025
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