Differences between Bin Card and Stores Ledger




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

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