Organizational Inventory

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Inventory Accounting
Inventory Accounting Inventory Management Stock Ledger Bin Cards Stocktaking Material Valuation Accounting Records Organizational Inventory
Inventory accounting refers to the accounting records and systems used for the ordering, receipt, issuing, and valuation of materials bought by an organization for stock. It includes the recording of entries on bin cards and in the stock ledger as well as the procedures adopted to carry out effective stocktaking.
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