WebThe difference between a bin card and the stores ledger can be summarised as follows: Difference # Bin Card: 1. Bin card is maintained in the store room. 2. Bin card contains particulars of materials only in terms of quantities. 3. Entries in the bin card are made by store-keeper or by his assistants. 4. […] WebOct 31, 2024 · Bin Card vs Stores Ledger The difference between Bin Card and Stores Ledger is that bin card is used in a company to record the transactions of the business which records material received, issued and balance but store ledger is used to record the amount, quantity, type and rate of the material.
Explain the difference between Bin Card and Store Ledger
WebKey Difference between Bin Card and Stores Ledger A bin card is a physical record of the items stored in a warehouse. A stores ledger is an electronic record of the items … WebJul 27, 2024 · What is the difference between Bin card and stock card? The storekeeper is responsible for recording every receipts and issue of stock from the store. Bin Card … define breaking out
Difference Between Bin Card and Stores Ledger - Differ Between
http://basiccollegeaccounting.com/2010/12/explain-the-difference-between-bin-card-and-store-ledger/ Web- Bin Card is a quantitative record of the individual item of its receipts, issues and closing balance whereas Stores Ledger records both the quantity and cost of receipts, issues and balances of item of material received. - Bin Card is prepared by stores department whereas Stores Ledger is prepared by costing department. WebFeb 26, 2024 · BIN card is a card that shows the balance of the stock in a store. Bin card shows the quantity of the stock and not its value, making it a handy note for storekeeper to maintain the stores and to monitor the stock. A bin card is often compared with a store ledger and in many instances, the maintenance of the latter is enough to abandon… feefwewf