Stores Accounting

May 19th, 2015
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University of Derby
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Unutilized material issued at site, the ownership of which lies with the company, shall be added as a part of inventory at year end.

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Stores AccountingTo Be Process (InCurrent Process (AS-IS) There will be six Zonal stores. Each store will be under thecontrol of Zonal Manager. Every division will have a smalldivisional store, which will have a stock of three monthsrequirement. Below the level of Divisional store there will beImprest store. The imprest store will act as a site store cateringmaterials only for emergency break down. The Imprest storewill not be an accounting unit. Material Controller (MC) office at Head office will act as aPurchase department and Inventory Controller of the Company.The Purch

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