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GDB OF mgt402 Fall 2009

by Pakistan
Perpetual inventory system is a method of recording stores balances after every receipt and issue to facilitate regular checking and to obviate closing down for stock taking. So this system implies continuous maintenance of stock records and in its broad sense it covers both continuous stock taking as well as up to date recording of stores books Materials or store ledger card provides a continuous record of materials received, issued and balance at any time both in quantity and value. This card shows the detailed information regarding receipts, issues and the balance in hand of materials at any time.
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