Bin cards placed in
A. store records
B. stock records
C. 1 and 2 both
D. None of these
Please scroll down to see the correct answer and solution guide.
Right Answer is: A
SOLUTION
Bin cards placed in store records.
In a storeroom, materials and other items are kept in appropriate bins, drawers or other receptacles; some items are stacked, while others are racked.
For each kind of material, a separate record is kept on a BIN CARD or Stock Card which shows details of the quantity of material received by, issued to and remained in stores. Bin card is attached to each bin or shelf.
A bin card is not considered as an accounting record; it simply informs storekeeper of the quantities of each item on hand.
Bin cards are checked periodically by the store inspectors to see that they are accurately maintained.
