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Subject - Accounting:

Cost and Management Accounting

MCQ - 182-184

Question:

A store ledger card is similar to the .

  1. Stock ledger
  2. Material card
  3. Purchase requisition card
  4. Material card

Correct Answer: D

Explanation:

It is similar to the bin card as far as receipt and issue of the quantity of material is concerned, but the main purpose of maintaining the store ledger card is to know the cost of material consumed and material in store along with the cost per unit of the material. Store ledger card is maintained using the FIFI, LIFO and W Avg methods.

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355 MCQ for effective preparation of the test of Cost and Management Accounting of Accounting section.

Read the MCQ statement: A store ledger card is similar to the . , keenly and apply the method you have learn through the video lessons for Cost and Management Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 182-184.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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