What do you mean by Stores Ledger?

The Meaning and Definition Stores Ledger. (Cost Accounting)

This ledger is kept in the costing department and is identical with the bin card except that receipt, issues and balances are shown along with their money values. This contains an account for every item of stores and makes a record of the receipts, issues and the balances, both in quantity and value. Thus, this ledger provides the information for the pricing of materials issued and the money value at any time of each item of stores.


Comments are closed.