ECONOMICS

Detailed explanation-1: -Stores ledger is the record that maintains the record of the things that have gone out from the store or have been accepted by the store. It is record that shows the amount of raw materials accepted by the store and the amount of products given out.

Detailed explanation-2: -Stores ledger may be defined as a record maintained by the cost accounting department of the enterprise. It is an assemblage of cards or sheets, which are maintained to keep a record of quantity and cost of material received, transferred and remained in stock.

Detailed explanation-3: -A stores ledger is a manual or computer record of the raw materials and production supplies stored in a production facility. It is maintained by the person responsible for these assets, such as the warehouse manager.

Detailed explanation-4: -Cost accounting department helps in estimating the various costs involved in the manufacturing process like material cost, labour cost and other expenses involved for manufacturing a product.

Detailed explanation-5: -What is a Stock Ledger? A stock ledger lists all share-related transactions for a company. It states the name of the owner of each block of shares, as well as the number of shares owned by each investor, the type of shares purchased, and the date of each purchase and the amount paid.