Difference between Bin Card and Stores Ledger

Do you know what a bin card and a stores ledger are? They are both important tools used in a store.

The main difference is that a bin card is used to keep track of the items in a store while a stores ledger is used to keep track of the financial transactions of the store.

Before we move to the differences, let’s understand what are Bin Card and Stores Ledger:

  • Bin Card: A bin card is a record of the items that are stored in a store. It shows how many items are in the store, what they are, and where they are located.
  • Stores Ledger: A stores ledger is a record of all the financial transactions that happen in a store, like how much money is being spent and earned.

Also check:

Bin Card vs Stores Ledger

Now, let’s move to Bin Card vs Stores Ledger:

Major differences between Bin Card and Stores Ledger

Bin Card Stores Ledger
A bin card is used to track the physical items in a store. A stores ledger is used to track the financial transactions of the store.
A bin card shows the quantity of items in the store. A stores ledger shows the money being spent and earned.
A bin card is used to check the inventory of a store. A stores ledger is used to check the financial status of a store.
A bin card is used to check the location of items in the store. A stores ledger is used to check the profit and loss of a store.
A bin card is used to check the condition of items in the store. A stores ledger is used to check the budget of a store.

 

That’s it.

Note that sometimes, the question might also be asked as “distinguish between Bin Card and Stores Ledger”.

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Final words

A bin card and a stores ledger are both important tools used in a store. A bin card is used to keep track of the items in a store, while a stores ledger is used to keep track of the financial transactions of the store. They both help the store keep track of different things, but they are not the same.

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