Question

'Double Compartmental System' is related to

• A. Preparation of Final Accounts of Consumer Co-operatives
• B. Stock records of Industrial Co-operatives
• C. Stock records of Consumer Co-operatives
• D. Physical verification of Cash balance with the Day Book

Answer 1

Answer:

C. Stock records of Consumer Co-operatives

• The "Double Compartmental System" is an inventory management technique used in consumer co-operatives to maintain accurate stock records.

• This system involves:

1. Compartmentalizing stock into two sections:

- Fast-moving items

- Slow-moving items

2. Maintaining separate records for each compartment

Benefits:

• Efficient stock management

• Reduced stock obsolescence

• Improved inventory turnover

• Enhanced customer satisfaction