Distinguish, differentiate, compare and explain what is the difference between Bin Card and Stores Ledger. Comparison and Differences.
Differences between Bin Card and Stores Ledger
| S.No. | Bin Card | Stores Ledger |
| 1 | It is maintained by the storekeeper in the store. | It is maintained in cost accounting department. |
| 2 | It contains only quantitative details of material recieved, issued and returned to stores. | It contains information both in quantity and value. |
| 3 | Entries are made when transaction takes place. | It is always posted after the transaction. |
| 4 | Each transaction is individually posted. | Transaction may be summarized and then posted. |
| 5 | Inter-department transfers do not appear in Bin Card. | Material transfers from one job to another job are recorded for posting purpose. |
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Difference between Stores Ledger vs Bin Card
Bin Card vs Stores Ledger
Differences between Stores Ledger vs Bin Card
