Need For Effective Store Accounting In An Organization

Alternatively, organization may put the responsibility of store accountability on individual stock keeper or manager for the stock held in their charge.As a result of this, most organization rely on them to control store accounting. Stores accounting and safety is one of the important areas of concern in stores management as a result of the need to protect the company’s huge investment is stock. All goods must have value to a company else they should not have been in stock.According to Morrison (1967:9) if stock is to be adequately safe-guard, it must be properly located in secure building or …