JSS 3 Business Studies - Store records & Stocktaking

Which of the following is NOT a method of stock-taking?

• Stock record card

• Stock requisition form

• Personnel card

• Delivery note

Which of the following documents is used to request for stock from store?

• Issuance voucher

• Requisition form

• Stationery stock card

• Stock record card

Perpetual inventory means physical counting of stock

• every day.

• every week.

• occasionally.

• every year.

What does periodic inventory/stock-taking mean?

• Counting of stock every day.

• Counting of stock once in a year.

• Counting of stock once in a week / forth-nightly / monthly / quarterly / every six months.

• At the end of the year.

A place where goods are stored until they are needed is known as

• Bank

• warehouse

• room

• house

…….... is used at the gate to check the authorized quality of stock coming into the organization.

• Delivery note

• Credit note

• Debit note

• Current note

A delivery note must contain the following, except

• name of the supplier

• unit and total price

• description of goods

• quantity of goods delivered

The physical checking and counting of goods in the store and comparing it with the book figure

• Stock house

• Stock-taking

• Stock control

• Store records

…………... enables a company to determine maximum and minimum level of stock that will make the company to carry out its normal productive activities.

• Stock control

• Stock-taking

• Stock record

• Stock card

What is an Office?

• a place where clerical work is done.

• the centre of a building

• a place for doing business

• is a place of rooms