Material Cost Question:
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Do you know what can be the reasons for bin card and stores ledger not getting reconciled?
Answer:
The following can be the reasons for bin card and stores ledger for not getting reconciled:
-Arithmetical error in calculating balances of the sheets.
-If posting of the transaction has been made on wrong bin card or stores ledger sheet.
-If issues transactions are treated as receipt transaction or vice versa, then this may create the difference in both the balances.
-Non posting of certain amount in any of the sheets.
-Arithmetical error in calculating balances of the sheets.
-If posting of the transaction has been made on wrong bin card or stores ledger sheet.
-If issues transactions are treated as receipt transaction or vice versa, then this may create the difference in both the balances.
-Non posting of certain amount in any of the sheets.
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