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