Examveda
Examveda

Stores Ledger is a:

A. Quantitative as well as value wise records of material received, issued and balance

B. Quantitative record of material received, issued and balance

C. Value wise records of material received, issued and balance

D. a record of labour attendance

Answer: Option A

Solution(By Examveda Team)

Stores Ledger is a quantitative as well as value wise records of material received, issued and balance. A stores ledger is a manual or computer record of the raw materials and production supplies stored in a production facility. It is maintained by the person responsible for these assets, such as the warehouse manager.

This Question Belongs to Commerce >> Costing

Join The Discussion

Related Questions on Costing