They can be physical ledgers or electronic systems, depending on the record-keeping practices of the business. In terms of detail, bin cards offer a granular perspective on stock movements. They provide real-time updates, allowing inventory managers to have immediate...
Bin cards can also help businesses track the movement of inventory and identify trends over time. For an outgoing inventory, bin cards can be used to track which items have been shipped to customers. For an incoming inventory, bin cards can be used to track which...
On the other hand, store ledgers encompass a wider range of stock-related data. They record stock items, quantities, unit costs, suppliers, dates, and other pertinent details necessary for comprehensive stock management and analysis. In conclusion, bin cards and store...
To illustrate, X has promised to pay Y a certain amount of money at a specified date, in the future that can be used by Y to pay his debt to Z. This ‘negotiability’ of instruments is possible with the development of numerous negotiable instruments. Paper money, in the...
Mrs Q wants to start a garment business but does not have sufficient capital. Mr P is a well-established businessman and agrees to finance Mrs Q’s business idea. Mr P provides a loan of ₹ to Mrs Q at 10% interest to be paid in 50 equal monthly instalments of ₹3300...