……………obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.

Related MCQs

• The method of recording stores balances after each receipt and issue to facilitate regular checking is known as
• ………………is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
• A company is preparing a production budget for the next year. The following information is relevant : Budgeted sales 10,000 units Opening stock 600 units Closing stock 5% of budgeted sales The production process is such that 10% of the units produced are rejected. What is the number of units required to be produced to meet demand?
• Integral accounts eliminate the necessity of operating
• The budgeted cost of electricity is Rs. 62,500 for 5,000 units of production per month and Rs. 71,500 for 6,200 units of production per month. If the company manufactures 6,900 units in the month of May 2014, the budgeted amount of electricity for the month is
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• In Entry under Integrated System for Credit purchase of material for stock, Stores Ledger Control is ____________.
• Stores Ledger is maintained in the…………………
• Basis of apportionment of stores service expenses is ………………..
• Stores Ledger: