BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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general accountant
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warehouse keeper
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store keeper
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cashier
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Detailed explanation-1: -The account of stores is maintained by the store keeper in the same way as that of cash by the cashier. Main objectives of maintaining proper accounts are: (i) To indicate the quantity and values of stores held. (ii) To provide information about values of receipts and issues.
Detailed explanation-2: -The request document is called material requisition. Store keeper issue the material on the basis of requisition only. Issue of material is done along with a document which is called bill of material.
Detailed explanation-3: -Storekeeping is the process of maintaining safe custody of all raw materials, supplies, finished products, purchased items and other store-related inventories. Storekeepers are responsible for the handling of materials and ensuring that there is no deterioration of the material.