Store Ledger.

Q28. What is store ledger? What are the advantages of store ledger?
Ans. It is a subsidiary ledger, which contain receipt, issue and balance of each item separately. Entries in such ledger are made from goods received note and material requisition note.

Advantages:

  1.  Clean and neat records.
  2. All material in one stores ledger.
  3.  Distribution of work is possible.
  4.  Valuation of stock is possible in a short interval of time.

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