Question
What is store ledger? Discuss its importance in warehousing system ?
Answer :
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A store ledger is a systematic record maintained in a warehouse to document the receipt, issue, and balance of materials or goods stored. It provides item-wise details such as quantity received, quantity issued, rate, value, and closing balance. Each item or category of goods has a separate ledger account, enabling continuous tracking of inventory movement. The store ledger is generally maintained by the storekeeper or inventory control section and forms an integral part of warehouse accounting and control mechanisms. The importance of a store ledger in the warehousing system
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