Correct option is C
A
bin card is a
stock record-keeping tool used in inventory management to
track materials and stock levels in a store or warehouse. It is attached to the storage bin and records details of
material received, issued, and balance stock in real-time.
Contents of a Bin Card:
·
Item name and code
·
Date of transactions
·
Quantity received
·
Quantity issued
·
Balance stock available
·
Authorized signature
Purpose of a Bin Card:
· Ensures
accurate stock control and prevents stockouts.
· Helps in
physical verification during audits.
· Avoids overstocking and understocking.
· Used in
FIFO (First-In, First-Out) and
LIFO (Last-In, First-Out) inventory management systems.
