The stores ledger is maintained by the costing office to keep records of quantities and values of materials received, issued, and in stock. It contains an account for each stock item tracking quantity, type, rate, and amount. The ledger is updated periodically and records inter-departmental transfers, working as an internal control system and facilitating the determination of material costs while providing high-level summaries of inventory transactions.

1. STORES
LEDGER

2. STORES LEDGER
Store ledger is maintained by costing office and deals with the
quantities and values of materials received, issued and balance in
hand. It is an assemblage of cards or sheets, which are maintained
to keep a record of quantity and cost of material received,
transferred and remained in stock. It comprises if an account for
each item in the stock room and keeps the record of:
 Quantity
 Type
 Rate
 Amount

3. FEATURES OF STORES
LEDGER
It is subsidiary ledger to the cost ledger.
It is an accounting record of the inventory.
It is maintained by cost accounting department.
Store Ledger is updated periodically.
It records inter-departmental transfer.
The summary of transactions is recorded in this.

4. ADVANTAGES OF STORES
LEDGER
It works greatly as internal control system.
It may be made in manual or in computerized form.
It tells the quantity as well as value of the materials.
It facilitates the ascertainment of cost of materials
received.
It facilitates the internal check system.

5. DISADVANTAGES OF
STORES LEDGER
It contains the summary of the records not details.
The transactions are not updated individually.
It leads to overlapping of work.

6. FORMAT OF STORES
LEDGER