552
Head.
39. The Bill Book is a debtor and creditor account kept between the Store-keeper and his several customers, the various works.
40. A folio is opened in the Bill Book for each Head or Sub-Head of Account. The Store-keeper is credited with the value of each several article issued according to the Issue notes and debited with any article returned from the work. The debits and credits are made according to receipts and issue notes respectively. The Bill-Book is balanced monthly and the balance represents the sum to be credited to Store and debited to the several Heads or Sub-Heads of Account. Issue side of the Bill Book is provided with a column showing the volume and folio of the Stock book in which the issue is recorded.
41. The Store Journal is kept in the usual form; the Store-keeper is debited with all receipts item by item, with quantity received according to the receipt notes or according to transfers from the prime cost book. He is then credited with the issues, not in detail but with the total of each issue note, reciting its number and date. He is further debited with the value of bills made out from the bill book, and credited with cash paid for stores and with the value of imported stores. It is clear that if the debtor and creditor columns balance, no omission can have been made. Against the receipt side, a column is provided in which the folio and volume of the stock-book in which the receipts are recorded is shown.
42. The Stock book is the ultimate record of the store transactions. In it, a folio is opened for each article of store in which all receipts are debited and all issues credited by quantity and amount. Each folio therefore exhibits at any moment the total quantity of any article in store and its value. This can be verified at any time by stock-taking.
43. As numerous small purchases are made which are used as though...
(9)
74 CD 72 g 1978.
552
Head.
39. The Bill Book is a debtor and creditor account kept between the Store-keeper and his several customers the various
works.
40. A folio is opened in the Bill Book for each Head or Sub-
Head of Account. The Store-keeper is credited with the value of each several article issued according to the Issue notes and
debited with any article returned from the work. The debits and
credits are made according to receipts and issue notes respective ly. The Bill-Book is balanced monthly and the balance represents
the sum to be credited to Store and debited to the several Heads
or Sub-Heads of Account. Issue side of the Bill Book is provide
with a colum showing the volume and folio of the Stock book in
which the issue is recorded.
41.
The Store Journal is kept in the usual form, the Store-
keeper is debited with all receipts item by item, with quantity
received according to the receipt notes or according to transfers
from the prime cost book. He is then credited with the issues,
not in detail but with the total of each issue note, reciting its
number and date. He is further debited with the value of bills
made out from the bill book, and credited with cash paid for
stores and with the value of imported stores. It is clear that
if the debtor and creditor columns balance no omission can
have been made. Against the receipt side a column is provided
in which the folio and volume of the stock-book in which the
receipts are recorded is shown.
42. The Stock book is the ultimate record of the store trans-
actions. In it a folio is opened for each article of store in
which all receipts are debited and all issues credited by quantity.
and amount. Each folio therefore exhibits at any moment the
total quantity of any article in store and its value. This'can be verified at any time by stock-taking.
43. As numerous small purchases are made which are used as
hought
(9)
74 CD 72 g 1978.
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