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.


Difference between Stores Ledger vs Bin Card

Bin Card vs Stores Ledger

Differences between Stores Ledger vs Bin Card

Spreading Knowledge Across the World

USA - United States of America  Canada  United Kingdom  Australia  New Zealand  South America  Brazil  Portugal  Netherland  South Africa  Ethiopia  Zambia  Singapore  Malaysia  India  China  UAE - Saudi Arabia  Qatar  Oman  Kuwait  Bahrain  Dubai  Israil  England  Scotland  Norway  Ireland  Denmark  France  Spain  Poland  and  many more....