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What are the importance of store accounting?

The Importance of Store Accounting.

Store accounting is important due to the following reasons:

  • It is necessary to indicate the value of stock in the store.
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  • It provides a means for calculating the cost of goods manufactured.
  • It provides a basis for control of inventory.
  • It also ensures that all materials received have been accounted for and all receipts and issue of materials have been properly recorded in store ledger.
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