Here is a term paper on ‘Stores Ledger’ for class 9, 10, 11 and 12. Find paragraphs, long and short term papers on ‘Stores Ledger’ especially written for school and college students. Term Paper on Stores Ledger Term Paper Contents: Term Paper on the Introduction to Stores Ledger Term Paper on Bin Card Term Paper on the Issue of Material [...]
In this article we will discuss about the definition and features of inventory. Definition of Inventory: ICAI has defined inventory as "tangible property held (i) for sale in the ordinary course of business or (ii) in the process of production for sale or (iii) for consumption in the production of goods or service for sale, including maintenance supplies and consumable [...]
The following points highlight the top two inventory control ratio’s. They are: 1. Input-Output Ratio 2. Stock Turnover Ratio. 1. Input-Output Ratio: Input-output ratio is used in material control, which indicates the relation between the quantity of material used in the production and the quantity of final output. Advantages: The advantages of analysis of input-output ratios are given below: (a) [...]