What is Bin Card? Bin Card also called as ” Stock Card” or “Bin Tag” using to record all the receipts and issues of the stocks from the store department. This cards records the quantity of the materials and show the movements such as receipts, issues and balance of the materials.25 Mar 2019
What are stock cards?
In FIFO accounting, one option of keeping track of inventory is the stock card, a document that tracks purchases, sales, returns, and other drawings. It tracks the unit price and inventory counts.
Is a bin card use for stock taking?
Bin cards, which are sometimes referred to as inventory cards or stock cards, are record-keeping documents used in retail and other businesses that require a stock room. They keep a running balance of a business's inventory.