Vidyalelo
Commerce · Q208

Costing

Graduate and Post Graduate · Commerce · question 208

Q208

Stores Ledger is a:

A.
Quantitative as well as value wise records of material received, issued and balance
Answer
B.
Quantitative record of material received, issued and balance
C.
Value wise records of material received, issued and balance
D.
a record of labour attendance

Answer: Option A

Solution

Answer: Option A
Solution:
Stores Ledger is a quantitative as well as value wise records of material received, issued and balance. A stores ledger is a manual or computer record of the raw materials and production supplies stored in a production facility. It is maintained by the person responsible for these assets, such as the warehouse manager.