Question

Bin Card is the record preserved under the perpetual inventory system in -

• A. Administrative wing
• B. Foundry shop
• C. Workshop
• D. Stores

Answer 1

Answer:

D. Stores

Bin Card is a crucial document maintained in the perpetual inventory system, which is essential for tracking the quantities of inventory items. This record is typically preserved in a specific section where inventory management and control are paramount. It ensures that the stock levels are accurately monitored and updated in real-time. This practice helps in maintaining a seamless flow of materials and avoiding stockouts or overstock situations. The correct location for preserving the Bin Card is integral to the efficiency of inventory management.