Question

On 30.11.2020 Stock as per Stores ledger account was 125 units while stock taking shows
Actual Stock of 120 units only. How would you record this transaction in stores ledger
on the above date.?
It is shortage so should be recorded as issue of 5 units
O it is surplus so should be recorded as receipt of 5 units
It is shortage so should be recorded as recelpt of 5 units
O It is surplus so should be recorded as Issue of 5 units​

Answer 1

Answer:

On 30.11.2020 Stock as per Stores ledger account was 125 units while stock taking shows

Actual Stock of 120 units only. How would you record this transaction in stores ledger

on the above date.?

It is shortage so should be recorded as issue of 5 units

O it is surplus so should be recorded as receipt of 5 units

It is shortage so should be recorded as recelpt of 5 units

O It is surplus so should be recorded as Issue of 5 units