Returned Stores Procedure Overview
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Questions and Answers

What should be done with stores that are no longer required on a work?

  • They should be discarded immediately.
  • They should be returned to the stores depots. (correct)
  • They should be sold directly on site.
  • They should be stored indefinitely without action.
  • Who is responsible for determining which stores depot receives returned items?

  • The Officer responsible for returning the stores.
  • The Controller of Stores. (correct)
  • The Depot Officer.
  • The individual department managing the stores.
  • How should Advice Notes for returning stores be prepared?

  • Using electronic methods only.
  • As a single comprehensive note for all classes.
  • In Form (S. 1539) in six foils by carbon process. (correct)
  • It is not necessary to prepare Advice Notes.
  • What should be done if the Officer returning stores cannot suggest rates in the Advice Notes?

    <p>The divisional or district Officer must determine the rates before passing on the documents.</p> Signup and view all the answers

    What is a crucial factor in valuing material returned from works?

    <p>The ability to reissue or reclaim the material.</p> Signup and view all the answers

    What specific information must be included in Advice Notes for scrap materials?

    <p>The classification prescribed in the schedule of rates.</p> Signup and view all the answers

    What is a common misconception about the value of specialized materials returned to the railway?

    <p>Specialized materials should always have higher credits.</p> Signup and view all the answers

    What action should be taken if stores are not received within 30 days after submitting a report?

    <p>The necessary action should be taken according to the rules for stores lost in transit.</p> Signup and view all the answers

    What should be done if returned stores arrive before the Advice Note?

    <p>A report should be made detailing the stores received.</p> Signup and view all the answers

    How should heavy repair rates be adjusted?

    <p>Based on past transactional data, adjusted by a suitable percentage.</p> Signup and view all the answers

    What is the first action to take when stores do not arrive within 14 days of receipt of the Advice Note?

    <p>Contact the traffic department regarding the delay.</p> Signup and view all the answers

    What should be recorded in the Depot Register of Advice Notes when returned stores are received?

    <p>Complete details including station of despatch and Railway Receipt information.</p> Signup and view all the answers

    What is the primary purpose of the separate page allotted to each returning officer in the register?

    <p>To ensure completeness of particulars regarding nomenclature and rates</p> Signup and view all the answers

    Who is responsible for the disposal of Advice Notes and the maintenance of the Register of Returned Stores?

    <p>The Accounts Office attached to the division or district</p> Signup and view all the answers

    In which section of the Store depot should Returned Stores be dealt with?

    <p>The Receipt Section</p> Signup and view all the answers

    What action should be taken if there is a delay in acknowledging returned stores by the stores depots?

    <p>Take up the matter with the Depot and Accounts Officer</p> Signup and view all the answers

    What should happen if the particulars regarding returned materials are found to be incomplete?

    <p>Complete the Advice Notes in the divisional or district office</p> Signup and view all the answers

    How frequently should the Register of Returned Stores be inspected?

    <p>Frequently to avoid delays in acknowledgment</p> Signup and view all the answers

    What is the main purpose of dividing the work in the Receipt Section of the Store depot?

    <p>To streamline the receipt and accounting of returned materials</p> Signup and view all the answers

    What document must be used to acknowledge the returned stores?

    <p>The Advice Notes (S. 1539)</p> Signup and view all the answers

    What timeframe is referenced for acknowledgment of returned stores?

    <p>Within one month of the Advice Notes</p> Signup and view all the answers

    What is the first step to be taken when the Advice Notes are received in the depot?

    <p>Enter the Advice Notes in a register with a serial number.</p> Signup and view all the answers

    Which of the following details is NOT required to be recorded in the register for Advice Notes?

    <p>Total weight of the stores.</p> Signup and view all the answers

    What should be done regarding discrepancies in quantities received compared to the Advice Notes?

    <p>Show the quantity received in both the unit adopted by the consignor and depot.</p> Signup and view all the answers

    What specific detail should be provided in the Advice Notes if discrepancies in quantities are identified?

    <p>Brief reasons for the discrepancies.</p> Signup and view all the answers

    What is the purpose of checking the classification stores nomenclature?

    <p>To ensure correct entries in the Advice Notes.</p> Signup and view all the answers

    When should the quantities actually received be entered in the Advice Notes?

    <p>At the same time as checking against the received Advice Notes.</p> Signup and view all the answers

    What should a depot officer do if a large discrepancy is noted in the quantities received?

    <p>Communicate the discrepancy to the returning officer promptly.</p> Signup and view all the answers

    What consideration is given in the case of dead surplus stock during inspection?

    <p>Scrap value only should be provided.</p> Signup and view all the answers

    What is to be avoided when completing entries in the Advice Notes?

    <p>Lumping up of entries.</p> Signup and view all the answers

    Who is responsible for inspecting and valuing the material upon receipt?

    <p>The gazetted officer of the stores depot.</p> Signup and view all the answers

    What percentage of the market price should second-hand rails released from existing lines to new projects be valued at?

    <p>65%</p> Signup and view all the answers

    Who has the final decision if an officer does not accept the valuation made by the Depot Officer?

    <p>The General Manager</p> Signup and view all the answers

    What should be added to the book value of an article if it is repaired?

    <p>Cost of repairs</p> Signup and view all the answers

    What information is NOT required from the returning officer regarding machinery and plant?

    <p>Condition for insurance purposes</p> Signup and view all the answers

    If an article is condemned and cut up in the workshops, what should happen to its book value?

    <p>It should be charged to a work order</p> Signup and view all the answers

    What is the primary purpose of the set guidelines for valuing returned articles?

    <p>To standardize the valuation process</p> Signup and view all the answers

    How should the credit for scrap and serviceable parts be treated when an article is cut up?

    <p>It should be booked to the work order</p> Signup and view all the answers

    What is the purpose of determining a pre-determined scrap value for plant and machinery?

    <p>To avoid uneven valuations</p> Signup and view all the answers

    Which of the following is NOT a factor in calculating the value of an article according to the valuation formula?

    <p>Material type</p> Signup and view all the answers

    What action should be taken if there are discrepancies in quantities noted in columns 5 and 9 of the Register?

    <p>Inform the depot officer and discuss the reasons given on the Advice Notes.</p> Signup and view all the answers

    How often should the Stores Accounts Officer inspect the Register of Advice Notes?

    <p>Every two weeks.</p> Signup and view all the answers

    What is the main purpose of pairing the 3rd and 4th foils with the 5th foil?

    <p>To ensure all entries are recorded in the appropriate register.</p> Signup and view all the answers

    What should be done with items outstanding for over three months according to the procedure?

    <p>Extract them in a summary and report to the Controller of Stores.</p> Signup and view all the answers

    After the 3rd and 4th foils are received, what should be the next step in their processing?

    <p>They should be priced according to depot officer's valuation.</p> Signup and view all the answers

    What should be considered when estimating the credit for returned material?

    <p>The potential for the material being used again soon</p> Signup and view all the answers

    Which foils of the Advice Note are sent to the depot along with the Railway Receipt?

    <p>The 2nd, 3rd, and 4th foils</p> Signup and view all the answers

    What must be done with the Advice Notes once received in the divisional or district office?

    <p>Review and list them in a Register of Advice Notes for Returned Stores</p> Signup and view all the answers

    What should happen if there is no requirement for the material or plant being returned?

    <p>Base the credit on its expected scrap value</p> Signup and view all the answers

    How should the entries in the Advice Notes be completed?

    <p>With pen and consistent formatting</p> Signup and view all the answers

    What specific detail must the Advice Note include regarding materials stated to have been returned?

    <p>Materials acknowledged by depot</p> Signup and view all the answers

    What role does the Accounts Officer, Stores, play in the Advice Notes process?

    <p>Receives a copy of the 5th foil of the Advice Note</p> Signup and view all the answers

    What should be done if the particulars furnished regarding nomenclature and rates by subordinates are incomplete?

    <p>Complete the Advice Notes in the divisional or district office.</p> Signup and view all the answers

    Who may be entrusted with the maintenance of the Register of Returned Stores?

    <p>The Accounts Office attached to the division or district.</p> Signup and view all the answers

    What should happen if there is an omission to acknowledge the stores within one month of the Advice Notes?

    <p>The matter should be escalated to the Depot and Accounts Officer.</p> Signup and view all the answers

    What is the recommended approach to handling Returned Stores in the Store Depot?

    <p>Divide the work between sections handling receipt and accounting.</p> Signup and view all the answers

    How often should the Register of Returned Stores be inspected to prevent delays?

    <p>Frequently, with no specific timeframe.</p> Signup and view all the answers

    What action should be taken if a substantial discrepancy in quantities is noted upon receipt of stores?

    <p>The Depot Officer must investigate the discrepancy.</p> Signup and view all the answers

    What must be recorded in the Advice Notes when discrepancies in quantities are identified?

    <p>The reason for discrepancies and new quantities.</p> Signup and view all the answers

    What should occur if stores are received before the Advice Note is prepared?

    <p>Hold the stores until proper documentation is completed.</p> Signup and view all the answers

    What should be avoided when completing entries in the Advice Notes?

    <p>Inaccurate and vague entries.</p> Signup and view all the answers

    What value should unrumbled boiler tubes be credited at?

    <p>Scrap value</p> Signup and view all the answers

    What should serviceable second-hand boiler tubes be valued at after rumbling?

    <p>Half the value of new stores</p> Signup and view all the answers

    How are repairable items to be credited by the Stores Depot for ferrous articles?

    <p>At 1/3rd of the current book rate</p> Signup and view all the answers

    What should be maintained for repairable items in the Stores Depot?

    <p>Separate ledger cards under relevant price list numbers</p> Signup and view all the answers

    What happens if the stock of repairable articles exceeds the annual consumption?

    <p>Stock must be disposed of</p> Signup and view all the answers

    How should repaired articles be recorded in the Stores Depot?

    <p>At the book rate for repairable ones plus actual repair costs</p> Signup and view all the answers

    What should be done regarding discrepancies between the actual cost of repairs and recorded values?

    <p>Debit or credit the appropriate Revenue Head of Account</p> Signup and view all the answers

    What value should non-ferrous repairable articles be credited at?

    <p>At 1/2 of the current book rate</p> Signup and view all the answers

    What type of items generally accounts for repairable materials in inventory?

    <p>Locomotive, carriage, and wagon parts</p> Signup and view all the answers

    What is a key consideration when assessing whether an item should be classified as repairable?

    <p>The potential for it to be made serviceable again</p> Signup and view all the answers

    How should the price of second-hand rails supplied to new projects be determined?

    <p>65% of the market price of new rail</p> Signup and view all the answers

    What does the valuation formula for serviceable plant and machinery include?

    <p>Present day price, age, life expectancy, and scrap value</p> Signup and view all the answers

    What factor is NOT relevant when determining the scrap value of machinery?

    <p>Age of the machinery</p> Signup and view all the answers

    What must an officer do if they disagree with the valuation made by the Depot Officer?

    <p>Report to the General Manager for a final decision</p> Signup and view all the answers

    What happens to the value of an article if it is repaired?

    <p>The repair costs are added to the book value</p> Signup and view all the answers

    Which detail is crucial for the returning officer to provide when submitting information on machinery and plant?

    <p>Reason for return</p> Signup and view all the answers

    When calculating the value of an article, what does 'R' represent in the formula R-N/L (R-S)?

    <p>Present day price of new equivalent</p> Signup and view all the answers

    What is one detail that is NOT required in the advice note for machinery and plant?

    <p>Current operational efficiency</p> Signup and view all the answers

    What should be included in the valuation of second-hand rails if they are released from existing lines?

    <p>65% of the market price of new rail</p> Signup and view all the answers

    Study Notes

    Returned Stores Procedure

    • Returned railway stores, unless otherwise instructed, are returned to store depots.
    • A single railway may have multiple depots, and the Controller of Stores designates depots for specific store types.
    • Advice notes (Form S-1539) are used, in six carbon copies, for classifying stores (new, used, scrap).
    • If the returning officer cannot determine pricing on the advice note, the divisional/district officer does so.
    • Returned store valuations consider reuse potential, not just theoretical value. Credit claims should be based on the likelihood of reuse within a reasonable timeframe.
    • One advice note copy is kept by the returning officer.
    • Three copies are sent directly to the depot.
    • One copy goes to the Stores Accounts Officer.
    • One copy goes to the divisional/district officer via their supervisor.

    Departmental Register of Advice Notes

    • Divisional/district officers check advice note accuracy.
    • The notes are logged in a departmental register (Form S-1605) detailing the returning officer, material description, quantity, and acknowledgement date by the depot.

    Depot Procedures

    • Stores depots receive, check, and price returned goods.
    • The returned stores are checked against the advice notes.
    • Differences in quantities are documented and communicated.
    • Stores depot officers determine pricing, classification, and complete necessary paperwork.
    • Stores accounts officer receives a copy for accounting purposes.
    • The original 6th copy of the Advice note is returned to the divisional/district officer as confirmation of receipt.

    Valuation Procedures

    • Secondhand stores are valued at 65% of new rail prices when originating from existing lines to new projects.
    • Plant and machinery valuation uses a formula (R-N/L (R-S)) where R=price, N=age, L=life, S=scrap value.
    • Boiler tubes are valued at scrap value until "rumbled" to verify serviceability
    • Reparible items are valued at ⅓ for ferrous and ½ for non-ferrous items of their new counterparts
    • Non-stock repairable items are not evaluated until a specific requisition is made.

    Additional Procedures & Notes

    • Stores are checked for receipt (or delay), compared to advice notes, and credited. If mismatched, the disparity is investigated.
    • Returned stores are not immediately repaired or re-stocked until validated and/or requested for re-use.
    • Delay beyond 14 days necessitates investigation with traffic and the appropriate officer.
    • Stores received before the advice note arrives requires immediate reporting. Notes are logged within a week of arrival in the receiving depot.

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    Description

    This quiz covers the procedures for returning railway stores, including the use of advice notes and the roles of various officers in the process. It discusses how store valuations are determined and logged, ensuring accurate processing and tracking of returned items. Test your understanding of the departmental guidelines and practices involved in store returns.

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