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The Difference Between Bin Cars and Store Ledger.
Bin card:
- A record of quantities only.
- Maintained by the storekeeper.
- Normally posted just before the transaction takes place.
- Each transaction is individually summarized and posted.
- Usually kept inside the stores.
Stores Ledger:
- A record of both quantities and values.
- Maintained by the Costing Department.
- Always posted after the transaction takes place.
- Transactions may be posted periodically.
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Distinguish between Bin card and store ledger?
Following are the main differences between bin card and store ledger.1.UserBin card is maintained by the storekeeper. Store ledger is prepared by cost accounting department.2. NatureBin card is a record of quantity only. Store ledger is a record of quantities and values.3. PeriodIn bin card, entries are made immediately after each transaction. In store ledger, entries are made periodically.4. PostingPostings are made before a transaction in bin card. Posting are made after a transaction in store ledger.5. Using DepartmentBin card is kept inside the store. Store ledger is kept outside the store
What is stock discrepancy?
The mismatch between bin card and stock ledger is called as "stock discrepancy".
Is a stock ledger the same as a bin card?
No stock ledger and bin card are not same because it does not hold all details of the product as in ledger. The bin card holds details of the quantity, date of receiving product, issue, quantity after and before issue etc M.Sai Kumar
What is a ledger posting machine?
a machine that records detailed transactions on a unit record ledger card. The balance associated with each transaction is summed and stored on a magnetic strip on the card. The machine can read all of the updated ledger cards very quickly to pick up the ledger balances and sum them into a totaling device.
What are the differences between cash and debit cards?
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
Distinguish between Bin card and store ledger?
Following are the main differences between bin card and store ledger.1.UserBin card is maintained by the storekeeper. Store ledger is prepared by cost accounting department.2. NatureBin card is a record of quantity only. Store ledger is a record of quantities and values.3. PeriodIn bin card, entries are made immediately after each transaction. In store ledger, entries are made periodically.4. PostingPostings are made before a transaction in bin card. Posting are made after a transaction in store ledger.5. Using DepartmentBin card is kept inside the store. Store ledger is kept outside the store
Differences between visa card and master card?
The difference between Visa Card and Master Card is the issuing bank. Other differences include interest rates and balance transfer rates.
What is stock discrepancy?
The mismatch between bin card and stock ledger is called as "stock discrepancy".
A customer is trying to decide between card a and b?
Explain the differences, and which card is superior.
Is a stock ledger the same as a bin card?
No stock ledger and bin card are not same because it does not hold all details of the product as in ledger. The bin card holds details of the quantity, date of receiving product, issue, quantity after and before issue etc M.Sai Kumar
What are the differences between cash and debit cards?
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
What is a ledger posting machine?
a machine that records detailed transactions on a unit record ledger card. The balance associated with each transaction is summed and stored on a magnetic strip on the card. The machine can read all of the updated ledger cards very quickly to pick up the ledger balances and sum them into a totaling device.
What is LC in accounts?
rdLC in accountancy means ledger card.
What is the difference between a loyalty card and a store charge card?
The difference is that a loyalty card is used to monitor how often you go ti the shop where as a store card is a card that you have money on and you use to pay for things.
What is the difference between a itunes card and a apple store card?
An iTunes Gift Card is used for music/video/games/apps purchase from the iTunes Music Store.An Apple Store Gift Card is used for mac hardware and software purchases either in-store, or from the Apple Online Store.
What are the differences between a credit card and debit card?
The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.
What are the differences between a debit card and a credit card?
The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.
