Empties Classification and Management

<p>They are not recorded in separate ledgers. (B)</p> Signup and view all the answers

<p>The cost must be paid to the supplying firms. (B)</p> Signup and view all the answers

<p>Group 98 (C)</p> Signup and view all the answers

<p>The cost of materials plus the cost of empties. (B)</p> Signup and view all the answers

<p>Submit an Advice Note of Returned Stores after valuing the empties. (D)</p> Signup and view all the answers

<p>A Receipt Note that quotes the original Receipt Note. (A)</p> Signup and view all the answers

<p>The Stores Accounts Officer. (B)</p> Signup and view all the answers

<p>Within one month of the due date for returning empties. (C)</p> Signup and view all the answers

<p>To provide a record for future audits. (D)</p> Signup and view all the answers

<p>They should be taken into stock at scrap rates. (B)</p> Signup and view all the answers

<p>They should be returned to the stores depot following the returned stores procedure. (A)</p> Signup and view all the answers

<p>The cost of the contents separately from the cost of the empties. (C)</p> Signup and view all the answers

<p>Separate entries for contents and empties should be made. (B)</p> Signup and view all the answers

<p>Their cost will be credited to the indenting departments. (B)</p> Signup and view all the answers

<p>If they are returned in good condition within a specified period. (C)</p> Signup and view all the answers

<p>They must be accounted under a separate heading. (B)</p> Signup and view all the answers

<p>To account for the empties in the priced ledgers. (C)</p> Signup and view all the answers

<p>They should refund the full cost if returned in good condition. (A)</p> Signup and view all the answers

<p>They should be promptly returned to the firms. (A)</p> Signup and view all the answers

<p>To inform about the empties being returned. (D)</p> Signup and view all the answers

<p>Reason for returning goods. (D)</p> Signup and view all the answers

<p>The Stores Accounts Officer. (C)</p> Signup and view all the answers

<p>S. 1714 (B)</p> Signup and view all the answers

<p>Quantity and rate of the empties. (C)</p> Signup and view all the answers

<p>The advice postings in a manuscript register. (A)</p> Signup and view all the answers

<p>Cost of the empties to the department. (A)</p> Signup and view all the answers

<p>It can be struck out if not required. (A)</p> Signup and view all the answers

<p>The return dates and conditions. (D)</p> Signup and view all the answers

<p>Once in three months (D)</p> Signup and view all the answers

<p>Full particulars of the original Receipt Note (D)</p> Signup and view all the answers

<p>There is an agreement to return them in good condition. (B)</p> Signup and view all the answers

<p>Manuscript Register (Form S. 1716) (A)</p> Signup and view all the answers

<p>Debits will be raised if not returned in good condition within a specified timeframe. (C)</p> Signup and view all the answers

<p>Form S. 1718 (C)</p> Signup and view all the answers

<p>Cost of the empties is borne by the railway. (D)</p> Signup and view all the answers

<p>Particulars of receipt, issue, and subsequent return (B)</p> Signup and view all the answers

<p>Description of the storage facility (D)</p> Signup and view all the answers

<p>The ledgers should exclude the empties. (D)</p> Signup and view all the answers

<p>To serve as a records copy for the Accounts Office (B)</p> Signup and view all the answers

<p>Promptly send the empties on to the firms (D)</p> Signup and view all the answers

<p>At least once every three months (B)</p> Signup and view all the answers

<p>Proper acknowledgment (B)</p> Signup and view all the answers

<p>Making entries in the ledgers for returned stores (A)</p> Signup and view all the answers

<p>Optionally Returnable Empties (B)</p> Signup and view all the answers

<p>Class 'S' under Group 98 (D)</p> Signup and view all the answers

<p>They should be credited at scrap rates. (B)</p> Signup and view all the answers

<p>They should be categorized as scrap. (A)</p> Signup and view all the answers

<p>After inspection of the empties. (B)</p> Signup and view all the answers

<p>The full cost of materials includes the cost of non-returnable empties. (C)</p> Signup and view all the answers

<p>The cost of the empties becomes payable to the firm. (D)</p> Signup and view all the answers

<p>They should be recorded at scrap rates in the Adjustment Account. (D)</p> Signup and view all the answers

<p>The procedure for 'returned stores' should be followed. (B)</p> Signup and view all the answers

<p>The cost of the contents separate from the cost of the empties. (D)</p> Signup and view all the answers

<p>Distinguish between contents and empties in different entries. (A)</p> Signup and view all the answers

<p>They need to be informed of the time limit for returning the empties. (B)</p> Signup and view all the answers

<p>They should refund the full cost if returned in good condition. (C)</p> Signup and view all the answers

<p>The particulars of the empties under a separate head. (A)</p> Signup and view all the answers

<p>Account for both empties and contents separately. (A)</p> Signup and view all the answers

<p>A manuscript register regarding the return of empties. (C)</p> Signup and view all the answers

<p>It should be used to monitor the return process. (B)</p> Signup and view all the answers

<p>It should specify the rate and quantity of each empty. (C)</p> Signup and view all the answers

<p>Necessary adjustments should be recorded. (B)</p> Signup and view all the answers

<p>It should be treated as scrap and accounted for as such. (A)</p> Signup and view all the answers

<p>Purchase order number and date. (D)</p> Signup and view all the answers

<p>Stores Accounts Officer (A)</p> Signup and view all the answers

<p>The contact details of the firm's CEO. (A)</p> Signup and view all the answers

<p>Ensuring timely adjustments are made. (B)</p> Signup and view all the answers

<p>In a separate numerical ledger card from the original entry. (A)</p> Signup and view all the answers

<p>Review the priced ledgers regularly. (A)</p> Signup and view all the answers

<p>Estimated lifespan of the empties. (C)</p> Signup and view all the answers

<p>Immediately after discovering the non-return. (D)</p> Signup and view all the answers

<p>To track the costs associated with returned empties. (B)</p> Signup and view all the answers

<p>It is treated as minus receipts. (C)</p> Signup and view all the answers

<p>Recording all adjustments made in financial ledgers. (D)</p> Signup and view all the answers

<p>Providing endorsement on Receipt Notes requesting return. (C)</p> Signup and view all the answers

<p>They should be accounted for on the ledger as returned. (C)</p> Signup and view all the answers

<p>At a predetermined rate communicated when they were issued. (D)</p> Signup and view all the answers

<p>Confirmation of the empty condition upon return. (D)</p> Signup and view all the answers

<p>They should be treated as scrap and accounted accordingly. (B)</p> Signup and view all the answers

Empties are categorized into non-returnable, optionally returnable, and returnable.

Empties whose cost is included in the product's price; they are not returned.

Empties where the cost is charged but the supplier might refund if returned, within a timeframe.

Empties not initially included in the product's price; their cost is paid if not returned in good condition and time.

Empties usable to hold materials again. These are kept in a special store.

Empties that cannot carry materials anymore, considered 'scrap'.

No separate ledger is needed because cost is included with product price.

When empty containers are left in the depot due to retail, issue, or other reasons, they should be treated as scrap and credited to the Stock Adjustment Account.

Materials delivered straight to the consuming department without passing through the store depot are called Direct Supplies.

Empties from Direct Supplies should be returned to the usual drawing store depot, and the 'returned stores' procedure should be followed.

Some suppliers charge separately for empties but offer refunds for returns in good condition within a stipulated time.

Receipt Notes should separately list the cost of the contents and the cost of empties when the latter are charged by the supplier.

The particulars of empties are recorded in a numerical ledger under a separate heading in Class 'S.'

When empties are issued along with materials to departments, separate entries are made for the contents and empties in both numerical and priced ledgers.

Departments returning empties in good condition within a specific timeframe will receive credit for the cost of the empties.

The return timeframe for empties should be sufficient for the depot to return them to the supplier within the stipulated time.

A form used to inform the depot and accounts officer about the direct supply of optionally returnable empties to a department, indicating the empties will be returned.

The official form used for advising the depot and accounts officer about the direct supply of optionally returnable empties.

Empties should be promptly returned to the supplying firm, and the necessary adjustments are made to the accounts.

A physical register maintained by the depot to track the return of empties by consuming departments and record their transmission to the firms.

The specified date by which the empties should be returned to the supplying firm.

The person responsible for overseeing and managing the stores department, including the empties return process.

Classification of empties based on their reusability and return policy. Includes non-returnable, optionally returnable, and returnable.

If empties aren't returned on time or are damaged, the department must submit an Advice Note to get them valued as scrap, crediting the returning department.

A Receipt Note is created crediting the firm for the empties, quoting the original Receipt Note for both empties and contents. An Issue Note debits the department for the original cost.

The priced ledger is used to record adjustments related to empties. The register (S. 1716) tracks the submission of vouchers to the Stores Accounts Officer.

Once the Accounts Officer pays the firm, the Stores Accounts Officer notifies the Depot Officer, who then notes it in the register (S. 1716).

Departments failing to return empties are adjusted for the cost within a month. The Depot Officer also inspects the register (S. 1716) monthly.

When returnable empties are issued along with materials to departments, separate entries are made for the contents and empties in both numerical and priced ledgers.

Departments returning empties in good condition within the specified timeframe will receive credit for the cost of the empties.

Used for returning optionally returnable empties to the stores depot. It should show details of the original Receipt Note, the supplier, and the minus Receipt Note issued for returning the empties.

A ledger used to track the receipt and issue of empties. Separate pages should be set apart for empties related to each Receipt Note.

The verification staff checks the empties received by the Stores Accounts Office periodically and no less than once every three months. Any irregularities are reported to the Accounts Offices for necessary action.

The specified period within which returnable empties should be returned to the supplying firm. If not returned within this timeframe or not in good condition, the railway bears the cost.

If returnable empties are not returned within the stipulated period, a debit is raised against the indenting department at a specified rate per empty.

When empty containers, like barrels or drums, are left in the depot due to various reasons (like not being used or sold), they are treated as scrap materials. Their cost is credited to the Stock Adjustment Account.

When returning empties, departments must ensure they're in good condition and within the specified timeframe.

When empties aren't returned on time or are damaged, the department is credited at scrap value.

When materials are supplied directly to departments, they should return empties to the regular store depot.

Used when returning optionally returnable empties to the store depot. It details the original Receipt Note, supplier, and minus Receipt Note.

A document used to track the return of empty containers (like barrels or drums) to their supplier after the materials inside have been used. It's used when no debit was raised by the depot for the empties.

When returning empty containers, you can use a Free Service Way-bill or Railway Material Consignment Note to transport them back to the supplier, which is handled as a free service.

The Returned Empties Memo is made in four copies. The first goes to the returning officer, two to the depot officer, and the last to the Stores Accounts Officer.

A ledger specifically designed to track the details of empty containers. This ledger should have a separate section for the empties related to each purchase order (Receipt Note).

These are empties where the supplier charges for them, but they might refund the cost if you return them in good condition within a certain timeframe.

This form is used to tell the depot and accounts officer that a department has received optionally returnable empties directly from a supplier and will return them.

This is the official form used to advise the depot and accounts officer about the direct supply of optionally returnable empties and their planned return.

The depot uses this register to track the return of empties by consuming departments and record when they were sent back to the suppliers.

If empties are not returned on time or are damaged, the department must submit an Advice Note to get them valued as scrap and credit the returning department.

The priced ledger is used to record adjustments related to empties. The register (S. 1716) tracks the submission of vouchers to the Stores Accounts Officer.

Once the Accounts Officer pays the firm, the Stores Accounts Officer notifies the Depot Officer, who then notes it in the register (S. 1716).

Departments failing to return empties are adjusted for the cost within a month. The Depot Officer also inspects the register (S. 1716) monthly.

It is used for returning optionally returnable empties to the stores depot. The note includes details of the original Receipt Note, the supplier, and the minus Receipt Note issued for returning the empties.