Material Cost Interview Question:

Do you know what can be the reasons for bin card and stores ledger not getting reconciled?

Submitted by: Administrator

The following can be the reasons for bin card and stores ledger for not getting reconciled:

-Arithmetical error in calculating balances of the sheets.

-If posting of the transaction has been made on wrong bin card or stores ledger sheet.

-If issues transactions are treated as receipt transaction or vice versa, then this may create the difference in both the balances.

-Non posting of certain amount in any of the sheets.
Submitted by: Administrator