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

Related MCQs

• ………………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.
• Stores Ledger is maintained in the…………………
• Basis of apportionment of stores service expenses is ………………..
• If the present cost of the car is Rs.1,00,000 residual value at the end of the 5th year is Rs.20,000, the monthly depreciation is…………
• All those assets which are converted into cash in the normal course of business within one year are known as .
• All those liabilities which are payable in cash in the normal course of business within a period of one year are called _.
• In ……………………costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:
• The ratio which shows the proportion of profits retained in the business out of the current year’s profits is
• Which ratio measures the number of times the receivables are rotated in a year in terms of sales?
• The indicates the number of times the payables rotate in a year is _.