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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 store ledger?
When ABC is used
What are 5 types of subsidiary ledgers?
accounts receivable ledger, accounts payable ledger, notes receivable ledger, notes payable ledger and equipment subsidiary ledger
What is difference between Nominal Ledger general ledger?
General ledger is just another name given to nominal ledger. Nominal ledger is a ledger that maintains impersonal accounts like sale , purchase, capital etc.
What is Incoming Ledger?
What is in incoming ledger
Why AP ledger requires a subsidiary ledger?
AP Ledger requires a subsidiary ledger to help keep the clutter down in the general ledger. The standard ledger can often fill up with a large amount of activity, making it difficult to handle.
What is another name for General Ledger?
Another name for the General Ledger is Nominal Ledger.
What can extend the staff upwards or downwards?
Ledger lines can be used to extend the staff.
What is the birth name of Heath Ledger?
Heath Ledger's birth name is Heath Andrew Ledger.
What is the birth name of Matilda Ledger?
Matilda Ledger's birth name is Matilda Rose Ledger.
What is the birth name of Philip Ledger?
Philip Ledger's birth name is Philip Stevens Ledger.
What is the example of subsidiary ledger?
subsidary ledger
