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  2. The function of store-keeping includes12:
    • Maintaining records of receipts, issues and balance of materials.
    • Watching levels of stock and replenishing materials when necessary.
    • Preventing the entry of unauthorized persons into the stores.
    • Advising management on the day-to-day affairs of the stores department.
    • Disposing of scrap or obsolete materials.
    • Receiving materials unloaded, inspecting and then moving to stores.
    • Maintaining stores records in an efficient and orderly manner so that materials can be easily located and information can be obtained for various departments.
    Learn more:
    To maintain records of receipts, issues and balance of materials. To watch levels of stock and replenish materials when necessary. To prevent the entry of unauthorized persons into the stores. To advise management on the day-to-day affairs of the stores department. To dispose of scrap or obsolete materials.
    www.financestrategists.com/accounting/cost-accou…

    The function of store-keeping may be summarized as follows:

    • Receipt of Material into Storage: Materials should be received unloaded, inspected and then moved to stores. ...
    www.vskills.in/certification/tutorial/functions-of-stor…
     
  3. People also ask
    Are there specific regulations for storing records?Yes, there are specific regulations and guidelines for storing certain types of records, such as financial, medical, or legal records. It’s important to familiarize yourself with industry-specific regulations and compliance requirements to ensure proper storage and retention. Q How can I efficiently digitize and store records electronically?
    What records should a business keep?Businesses should keep several types of records, such as correspondence, accounting, employee, and progress records. Keeping these records helps businesses run smoothly and allows business owners to accurately monitor their progress towards their goals.
    How long should a company keep records?You can safely shred general correspondence, inventory logs and expired insurance policies after three years. Some records should be kept for seven years. These include bank statements, personnel records for terminated employees and purchase orders. Here is a list of the different types of documents and the suggested document retention time length:
    What are the benefits of storing records?Properly storing records offers numerous advantages that contribute to the smooth operation of businesses and the seamless management of personal information. Here are some key benefits: When records are stored in a well-organized manner, it becomes much easier and quicker to retrieve information when needed.
     
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