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Need For Effective Store Accounting In An Organization
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4.
STOCK TAKING: This refers to counting , weighting or measuring stock to
obtain an accurate list of it. It can be done one a periodical or
continued basis
5. STOCKING CHECKING: This is the physical checking
of qualities of materials in the store which may be applied either
regularly or intermittently.
6. STORES: This is a general term describing good which are held in store house and stock yard.
7.
INSPECTION: According to Burton (1973:18) inspection is to be carried
out at all catalogues terms of standard and specifications must
immediately be available . Therefore, inspection is the examination of
incoming or outgoing consignments to ensure required quality.
8. STORAGE OF MATERIAL: The process of keeping machines or equipment in a certain place until they are needed.
9.
MATERIAL HANDLING: Embraces the movement of materials handling and
storage of everything within around an establishment including raw
materials, component and supporting goods, regardless of shapes , size
from nature or weight.
10. INVENTORY SYSTEM: This is a system of
which items are being written down in a particular store or making a
complete not of all the lists or item held in store.
11. STOCK YARD:
Are usually open storage areas used for the storing of various non
perishable goods, that is those materials that will not deteriorate or
perish when exposed to the elements over long period of times.
12.
ACCOUNTING SERVICES: Is as old as any other service oriented function in
organization. Therefore, can be define as a government organization
that protects a country and its secrets from enemies.
13. ACCOUNTING: Is a management responsibility and is one of the most important aspects of stores management.
14. STORE KEEPER: This is a person who take proper care of the items held in store / shop in other to maintain proper stock.
15. SPECIFICATION: It is a detailed description of how something is or should be designed or made.
16. NEGOTIATION: This is legal / formal discussion between people who are trying to reach their agreement.
17.
STOCK RECORDS: There are employed to alter the balance of stock by
adding stock in the case of deliveries and subtracting in the case of
issues.
18. QUALITY: Feature of something goods, especially one that makes it different from something else.
19. FENCING: According to (Oxford dictionary) 7th edition. It is the sport of fighting with long thins words.
20. FIRE EXTINGUISHER: Metal container with water or chemicals inside for putting out small fires.
21. FOOT WEAR: Shoes or boots people wear on their feet for protection.
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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 Mo ... Continue reading---
