Stores Organisation

Stores Organisation
S.Y.B.Com Cost and Works Accounting

1. Stores Organisation Dr. Kshitija Gandhi Phd . M.Phil , M.Com , MBA ,Net

2. Meaning of Stores Store Includes

3. Store Organisation Stores Organisation

4. Centralised Stores

5. Advantages of Centralised Stores

6. Advantages of Centralised Stores

7. Disadvantages of Centralised Stores

8. Decentralised stores

9. Advantages of Decentralised Stores

10. Disadvantages of Decentralised Stores

11. Centralised Stores with Sub – Stores

12. In short, this type of stores operates in a similar way to a petty cash system. It is, therefore known as the ‘ Imprest system of store control’. Centralised Stores with Sub – Stores

13. Centralised Stores with Sub – Stores

14. Classification & Codification

15. Principles of codification/ Essentials of Good Codification system The following are the principles to be kept in mind while assigning code numbers

16. Advantages of Codification: Each item of materials can be easily identified more than particularly where the same material is known by one name.

17. Numeric Method

18. Alphabetic ( Mnemonic ) Method

19. Alpha- numeric Method ( Combination of alphabets and numerals)

20. Stores ledger Meaning Stores ledger is a subsidiary ledger in which a separate account is opened for each item of materials in the store to record both the quantity & cost of the materials received, issued, returned & in hand. Objective The basic objective of stores ledger is to provide a continuous record of both the quantity & cost of the materials received, issued, retuned & in hand. Stores ledger

21. Stores ledger Source Documents The entries in stores ledger account are made on the basis of – Materials Received Notes Material Requisition Slips Material Returned Notes Who maintains Stores ledger is maintained by cost accounting department & not be stores department.

22. Advantages of Stores Ledger

23. Advantages of Stores Ledger

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