Inventory Management MCQs

Which of the following documents records the quantity and value of the material?

April 28, 2022

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Which of the following documents records the quantity and value of the material?

Q. Which of the following documents records the quantity and value of the material?

A. Bin card

B. Stores ledger

C. Both (A) and (B)

D. None of (A) and (B)

Answer: Stores ledger

Which of the following documents records the quantity and value of the material?

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___ method of pricing of material issues is not popular as it always undervalues the stock and leads to the creation of the secret reserve

Which of the following documents records the quantity and value of the material?

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The monthly requirement of a component is 4,000 units. The cost per order is ₹ 1,000 and the carrying cost per unit per annum is ₹ 24. The Economic Ordering Quantity is

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