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Bin card

A bin card records physical quantities received, issued and remaining for a material item, commonly at its storage location. It helps stores staff monitor availability and compare records with physical stock. Unlike a valued stores ledger, it need not record monetary costs. Controls should identify who authorises and records movements and how discrepancies are investigated, rather than allowing the record to be adjusted without explanation.

Worked example

A card shows 30 units, records a receipt of 20 and an issue of 12, giving 38 expected units in the bin.

Common mistake

A quantity record alone cannot value inventory or explain whether a shortage arose from loss, error or an unrecorded movement.

Where it appears in your exams

QualificationExamRelationshipPeriod
ACCA MA Direct September 2026–June 2027
FIA FMA Direct September 2026–June 2027