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Q.

What is the meaning of bin card system

Tags: computers & internet, bin card
Asked by manoj khilnani, 28 Oct '10 04:45 pm
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Answers (4)

1.

Bin card is a record of receipt and issue of materials Quantity of store received is entered with receipt column and the quantity of store issued is recorded in the issue column of Bin Card. Balance of quantity of stores is ascertained after every receipt or issue. It shows the balance of the stock at any moment of time. Bin Card is maintained by the store-keeper. He is answerable for any difference between physical store and the balance shown by the Bin Card.

Thus Bin Card does not only records the receipt an issue of the stores but also assist the store keeper for control of the stock. For each item of stores minimum level maximum level, and ordering level are shown in the part of the Bin Card. A bin card is also known as bin tag or stock card and is usually hung up or placed in shelf, rack or bin where the material has been kept. Bin cards can also be in the form of loose sheets which can be maintained in a ledger kept in thestores.
Answered by LIPSIKA, 28 Oct '10 05:02 pm

 
  
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2.

Bin Card is also called as Cardex, Tag Card etc. The detailed information about the materials is contained in the Bin Card. Normally Bin Card Consists of the information like Qty Received, Qty Issued, Minimum Stock Level, Maximum Stock Level, Reorder Level, Re Order Quantity, Closing Stock, Opening Stock etc. Maintenance of Bin Card System is part of perpetual inventory accounting system.
Answered by jakir hussain, 28 Oct '10 04:51 pm

 
  
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3.

It is widely used in Industrial storage system
That is a card used to make entry issues and receipts of a particular item-The unit may be nos /mtrs / ft or kgs / litres etc etc
Answered by SriniVenkat, 28 Oct '10 04:51 pm

 
  
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4.

It is generally used in the stores/library to keep the track of material movments and update of materials...........
Answered by pradeep mishra, 28 Oct '10 04:48 pm

 
  
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