Proper classification and codification of various items in stores is essential for efficient…………….. .

Related MCQs

• The ……………..method of codification is generally based on the mnemonic system.
• Advantage of both centralized buying and storage of having stock conveniently available at several issuing points are possible in……………. system of stores organization.
• ……………….formsthe basis of entries to the stores ledger.
• …………………..is the organisational head of the stores department.
• The stores ledger is maintained by the …………… department.
• …………………stores organization is adopted to store all the goods at centrally located at on place.
• The unused materials are returned to stores with a material …………..note.
• …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.
• The branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs is known as
• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...