Explain the difference between Bin Card and Store Ledger

A bin card:

  • Is kept for each and every stock item by the storekeeper
  • A quantitative record of the individual stock item of its receipt, issue and balance
  • Kept attached to the bins or receptacles or quite near so as to enable to identify the stock
  • Balance is taken out after transaction whether every receipt or every issue


Store ledger:

  • Is a collection of cards or loose leaves specially ruled for maintaining a record of both quantity and cost of stock items received
  • It also maintain record of stores receipt, issue and balance in respect to each item of inventory
  • Entries in this store ledger are made from goods received notes and material requisitions.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.