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Need For Effective Store Accounting In An Organization
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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 building or stock yards to which unauthorized must be made for the custody of store house keys and accounting precautions exercised during non working hours to ensure maximum accounting. Data (1986 :17) states that “ materials must be properly safe-guard and kept under proper accounting and vigilance.
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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
... Continue reading---
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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
... Continue reading---
ABSRACT -- [Total Page(s) 1]
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ABSRACT -- [Total Page(s) 1]
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