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NEED FOR EFFECTIVE STORE ACCOUNTING IN AN ORGANIZATION
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- Contributor: mr-chris
- engagements: 59
- Case No: 570275ip
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ABSRACT - [ Total Page(s): 1 ]Alternatively, organization may put the responsibility of store accountability on individual stock keeper or manager for the stock held in their charge.As a result of this, most organization rely on them to control store accounting. Stores accounting and safety is one of the important areas of concern in stores management as a result of the need to protect the company’s huge investment is stock. All goods must have value to a company else they should not have been in stock.According to Morrison (1967:9) if stock is to be adequately safe-guard, it must be properly located in secure build
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CHAPTER ONE - [ Total Page(s): 4 ]CHAPTER ONE1.0 INTRODUCTIONAccounting has been identified as one of the most important activities carried out in any organization. This is because materials is the life blood of an industry.Materials constitute money and have been bought to meet certain needs, in order to ensure that these materials meet the needs for which they were bought and to avoid unnecessary cash loss arising from losing of materials due to ineffective accounting which therefore, affect the profit margin of the organization with this development every organization has realized the need to invest in accou ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]Alternatively, organization may put the responsibility of store accountability on individual stock keeper or manager for the stock held in their charge.As a result of this, most organization rely on them to control store accounting. Stores accounting and safety is one of the important areas of concern in stores management as a result of the need to protect the company’s huge investment is stock. All goods must have value to a company else they should not have been in stock.According to Morrison (1967:9) if stock is to be adequately safe-guard, it must be properly located in secure build
... Continue Reading
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