Multiple Choice Questions on In receipt of material issue of material and balance of material is recorded in quantity not in valu........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In receipt of material issue of material and balance of material is recorded in quantity not in valu...........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    In ______________, receipt of material, issue of material and balance of material is recorded in quantity not in value.

    Store ledger

    Incorrect Answer

    Cost sheet

    Incorrect Answer

    Bin card

    Correct Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Bin card is a thick paper attached to bin/rack in which entries relating to receipt of material, issue of material and balance of material is recorded in quantity not in value. After every receipt or issue, new balance of stock is computed.

    By: Vikas Goyal
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