which of the following docs may be used to update stores ledger cards for inventory:
1. GRN
2. Materail Returned Note
3. Material Requisitioned Note
4. Delivery Note
the answer in text is 1 and 2.
i answered 1,2,3. In the text, it clearly says for Material Requisition notes " .... and to update the store records."
can you explain this please?
regards
ACCA Forums
MAdocuments used in Inventory control
11y ago#1It is a little bit of a trick question.
Although a note is likely to be made somewhere that material has been requisitioned (i.e. asked for by the relevant department), the actual inventory records will only be updated when inventory is actually received (or returned) or actually issued to a department.
11y ago#2It is a little bit of a trick question.
Although a note is likely to be made somewhere that material has been requisitioned (i.e. asked for by the relevant department), the actual inventory records will only be updated when inventory is actually received (or returned) or actually issued to a department.
ok... so that begs the question: on the basis of which document is an issue to a dept recorded in the store card?
11y ago#4Good question!
There is no special name for any document for that, I am afraid.
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