How to keep an inventory record card
A record card shows every receipt, every issue and the balance in the store. Write one up with FIFO and check it against a count.
Task 1What the card shows3 questions
An inventory record card is kept for each item in the store. Every receipt and every issue is written on it, with the balance after each one.
- Goods received note
- written when a delivery arrives. It is the evidence for a receipt on the card
- Materials requisition
- a signed request for materials from a department. It is the evidence for an issue on the card
The balance on the card is what should be in the store.
Task 2Writing up the card4 questions
Task 3Checking the card against the store3 questions