What is the stock card?
In FIFO accounting, one option of keeping track of inventory is the stock card.
It is a sheet that tracks purchases, sales, returns, and other drawings.
It tracks the unit price and inventory counts.
This is where the stock card comes in handy.
How do I maintain my bin card?
Bin card is maintained inside the warehouse or stores, but stores ledger is always kept outside the stores. Bin card only consist of quantitative details, i.e. only the quantity of material received, issued, returned and those in stock are recorded.
What is bin card in pharmacy?
What is Bin card? A Document that records the status of materials in a storage area. Generally small scale industry with huge quantity of materials will use a bin card to maintain “stock on hand”. It will also help to materials tracking, monitoring on incoming and outgoing materials in storage area.
What is the purpose of a bin card?
A document that records the status of a good held in a stock room. A typical retailing business with a large stock room will use a bin card to record a running balance of stock on hand, in addition to information about stock received and notes about problems associated with that stock item.
What does bin card stand for?
Business Identification NumberBIN stands for Business Identification Number. Often, a BIN Card is compared with a stock register or store ledger and usually, regularly updating and maintaining the store ledger can be sufficient.