Stock Verification Procedures
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Questions and Answers

What should be included in the Completion Report (S. 3251) at the end of a stock verification?

  • An overview of the company's financial status
  • A summary of employee performance metrics
  • Information about the sales performance of the stores
  • Brief remarks on excess of days taken over estimated days (correct)

Which statement accurately reflects the protocol for discrepancies found during stock verification?

  • All discrepancies must be resolved at the spot by the Stock Verifier.
  • Only excess items need to be noted, shortages can be ignored.
  • Discrepancies between physical stock and ledger should be recorded and reported by the Stores Accounts Officer. (correct)
  • Discrepancies should not be noted if they fall within a 5% margin.

What is the required action if the stock findings reveal an excess according to the priced ledger?

  • The excess must be discarded immediately.
  • No actions are required if there’s an excess.
  • The excess will be posted as a receipt in the ledgers. (correct)
  • The excess stock value will be reported as a loss.

What additional report may be submitted along with the Completion Report if necessary?

<p>A narrative report of special features (C)</p> Signup and view all the answers

What remark is made on the stock sheet if there is no difference between actual stock and book balance?

<p>Stock verified correct. (C)</p> Signup and view all the answers

What is the primary purpose of stock verification by the Accounts Department?

<p>To verify that materials match descriptions and specifications. (D)</p> Signup and view all the answers

How often should 'A' items be verified according to the guidelines?

<p>Once every six months. (A)</p> Signup and view all the answers

What is the verification frequency for tools and plants?

<p>Once every three years. (B)</p> Signup and view all the answers

What category of items requires verification once in two years?

<p>C items. (C)</p> Signup and view all the answers

For which item category is verification required once a year?

<p>D items that had no issue for 12 months or more. (D)</p> Signup and view all the answers

What is the verification frequency for stores in the custody of inspectors?

<p>Once every three years. (C)</p> Signup and view all the answers

How often should inventory in production units concerning costly and pilferable items be verified?

<p>Once every three years. (B)</p> Signup and view all the answers

When should a Stock Verifier resort to weighing small articles instead of counting them?

<p>When it is quicker to weigh than to count (C)</p> Signup and view all the answers

What percentage of articles should be counted when weighing is used?

<p>5 percent or 100, whichever is less (B)</p> Signup and view all the answers

How should measurements for heavy stores like steel plates be obtained?

<p>By measuring and calculating cross-sections (D)</p> Signup and view all the answers

What is the minimum percentage of sample weight to consider when measuring steel stocks?

<p>2 percent (B)</p> Signup and view all the answers

In which scenario should the entire stock of valuable articles be weighed?

<p>Irrespective of what the balance may be (A)</p> Signup and view all the answers

What should be done if there is a significant discrepancy between the measured weight and depot book balance?

<p>Recheck all figures and measure an additional sample (C)</p> Signup and view all the answers

When should measurement or average weighment be used for stocks?

<p>When heavy balances are in hand (A)</p> Signup and view all the answers

How should the method for ascertaining average weighments be recorded?

<p>In the field book (D)</p> Signup and view all the answers

What should be the approach when calculating weights from measurements?

<p>Use appropriate formulae or conversion rates (D)</p> Signup and view all the answers

What should be measured to convert to weight if measuring the entire stock?

<p>Length, area, or cubic contents (A)</p> Signup and view all the answers

What is the importance of arranging fresh receipts in a way that they are not dumped on existing stocks?

<p>It allows for the first-in, first-out method of stock management. (A)</p> Signup and view all the answers

Why are fire extinguishers kept in easily accessible spots?

<p>To facilitate quick response in case of fire emergencies. (C)</p> Signup and view all the answers

What is the primary purpose of surveying depots and yards for unaccounted materials?

<p>To verify that all materials are properly recorded in the books. (A)</p> Signup and view all the answers

What is a crucial consideration regarding the storage of inflammable stores?

<p>They must be stocked away from combustible articles. (D)</p> Signup and view all the answers

Which aspect should be examined in the Stores Depot's procedures?

<p>How quickly materials are received and issued. (B)</p> Signup and view all the answers

What happens if materials in stock do not have corresponding ledgers?

<p>They must be investigated and accounted for. (A)</p> Signup and view all the answers

What role does the Controller of Stores play in relation to the Railway Administration?

<p>They supply stores according to the Administration's needs. (C)</p> Signup and view all the answers

What should be ensured when articles are locally manufactured?

<p>They are recorded on subordinate accounts. (D)</p> Signup and view all the answers

What should be avoided in the arrangement of storage for perishable items?

<p>Storing them with non-perishable items. (A)</p> Signup and view all the answers

What percentage of bins or bags does the Stock Verifier need to check at a minimum?

<p>5% (A)</p> Signup and view all the answers

What should be used to indicate the contents of each bin or bag?

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

What action must the Ward Keeper perform after the Stock Verifier completes the verification?

<p>Furnish a certificate. (B)</p> Signup and view all the answers

Who needs to countersign the Ward Keeper's certificate?

<p>The Section Officer of Stores Accounts Office (D)</p> Signup and view all the answers

What happens if the Stock Verifier finds discrepancies during the test checks?

<p>The entire stock must be checked in detail. (A)</p> Signup and view all the answers

What must the Stock Verifier do if any items are omitted from verification?

<p>Explain the omissions. (B)</p> Signup and view all the answers

What should be checked to ensure correctness after the count or measurement?

<p>Initials of the Stores Department representative (B)</p> Signup and view all the answers

What document should be submitted to the authorized Inspector after verification is complete?

<p>Completion Report (D)</p> Signup and view all the answers

What is indicated by the certification provided by the Ward Keeper?

<p>All stocks have been verified and accounted for (A)</p> Signup and view all the answers

What is the purpose of the list prepared by the Section Officer of Stores Accounts Office?

<p>To record items not verified (B)</p> Signup and view all the answers

How is the length of the belting calculated from machine rolled coils?

<p>Sum of inside and outside diameters multiplied by the number of laps and 0.01571 (A)</p> Signup and view all the answers

What protocol is followed for unpacked goods that are imported or manufactured by reputable firms?

<p>They are accepted based on weight or number marked if intact. (B)</p> Signup and view all the answers

What action is required if the weight of articles indented for numbers is issued by weight?

<p>Stock Verifiers must check the weights to prevent fraudulent practices. (B)</p> Signup and view all the answers

What should be done with materials not counted or weighed by the end of May?

<p>They should be separated from the unfinished stock. (B)</p> Signup and view all the answers

What is the primary responsibility of the Stock Verifier after removing materials from racks?

<p>Put back the removed materials into the rack and arrange them properly. (B)</p> Signup and view all the answers

What information is NOT included in the verification register maintained by the authorised Inspector of Stores Accounts?

<p>Total monetary value of stock (A)</p> Signup and view all the answers

Which duty is NOT the responsibility of a Stock Verifier?

<p>Maintaining the accounts ledger (C)</p> Signup and view all the answers

Which column in the verification register is filled in based on the frequency of verification?

<p>Date due for next verification (C)</p> Signup and view all the answers

What does the authorised Inspector need to ensure before posting completion reports?

<p>Entries are correctly initialed in the verification register. (B)</p> Signup and view all the answers

What is the first column in the verification register used for?

<p>Serial Number (C)</p> Signup and view all the answers

Which of the following statements best describes the purpose of maintaining separate registers for depot and line verification?

<p>To provide a clearer distinction in reporting for accountability. (A)</p> Signup and view all the answers

What aspect should be verified regarding the materials-at-site of works?

<p>The physical count and condition of the materials. (B)</p> Signup and view all the answers

Which type of officer is responsible for inspecting the Refreshment Room?

<p>Refreshment Room Inspector (D)</p> Signup and view all the answers

What discretion do stock verifiers have regarding the certification of dead stock articles?

<p>They may omit low-value articles from certification. (D)</p> Signup and view all the answers

Which category of tools does not require verification by Stock Verifiers?

<p>Minor Workshop and Hand Tools (B)</p> Signup and view all the answers

Which type of inspector is involved in ensuring the care of tools during issuance?

<p>Stock Verifier (A)</p> Signup and view all the answers

What ensures that consumable stores in the Traffic Department do not need verification?

<p>They are supplied according to fixed scales and small quantities. (A)</p> Signup and view all the answers

What action should be taken regarding omitted items during stock verification?

<p>They need to be reported separately on the stock sheet. (A)</p> Signup and view all the answers

Which type of inspector oversees the issues related to block inspections?

<p>Block Inspector (A)</p> Signup and view all the answers

Which officer is responsible for inspecting the accounts at stations?

<p>Inspector of Station Accounts (C)</p> Signup and view all the answers

Which of the following items may be charged off without requiring verification?

<p>Charged off sleepers (D)</p> Signup and view all the answers

What should stockholders provide when there is a discrepancy greater than 2 percent in quantity?

<p>A detailed explanation of the difference (D)</p> Signup and view all the answers

What criteria classify items as surplus to requirements?

<p>Items that have not been demanded for over a year (C)</p> Signup and view all the answers

Which condition must be ensured for the safe custody of stores?

<p>Arrangements must prevent unnecessary deterioration from weather (B)</p> Signup and view all the answers

What must verifiers check regarding the locking of godowns?

<p>Adequate arrangements for fire protection are in place (C)</p> Signup and view all the answers

Which storage practice is recommended for items of common domestic use?

<p>They should be kept under lock and key (C)</p> Signup and view all the answers

Which report must include any unauthorised stocks held by officers?

<p>The Verification Narrative Report (A)</p> Signup and view all the answers

What should be assessed regarding materials stacked outside godowns?

<p>Enclosures or security personnel should be provided (D)</p> Signup and view all the answers

What factor is essential when arranging storage for heavy materials?

<p>They should be stocked on the ground with unserviceable materials under them (D)</p> Signup and view all the answers

Which statement correctly describes the expectations for godown maintenance?

<p>They must have proper arrangements for fire protection and safety (B)</p> Signup and view all the answers

What is the formula for calculating the area of the base of a cylindrical container?

<p>$\frac{22}{7} R^2$ (B), $\pi R^2$ (D)</p> Signup and view all the answers

Which method should be used to verify fluids accounted for in kilograms?

<p>Multiply the volume in cubic decimetres by the specific gravity. (B)</p> Signup and view all the answers

What unit is equivalent to one litre when verifying fluids stored in litres?

<p>One cubic decimetre (D)</p> Signup and view all the answers

What is the first step in verifying fluids stored in kilograms?

<p>Calculate the cubical contents in cubic decimetres. (A)</p> Signup and view all the answers

What factor should be considered when accepting goods from well-known firms of commercial standing?

<p>The quantity marked on the receptacles. (B)</p> Signup and view all the answers

Which formula is applied to determine the cubical content of rectangular containers?

<p>Height x Length x Breadth (D)</p> Signup and view all the answers

What should be checked for unopened receptacles with original seals intact?

<p>The quality of the fluid specified. (C)</p> Signup and view all the answers

Which shape is typically used for measuring the cubical contents using the formula Length x Breadth x Height?

<p>Rectangular containers (C)</p> Signup and view all the answers

Which action should be taken if it is not advisable to open packages for verification?

<p>Trust the supplier’s declared weight and volume. (C)</p> Signup and view all the answers

What is the result of multiplying the weight of distilled water by the specific gravity of another fluid?

<p>The weight of the fluid (D)</p> Signup and view all the answers

Flashcards

Stock Verification of Stores

Ensuring materials match descriptions/specifications in records, investigating any discrepancies.

Frequency of Material Verification (Materials-at-site)

Verified annually.

Frequency of Material Verification (Imprest holders)

Verified every two years.

Frequency of Material Verification (Tools and plant)

Verified every 3 years.

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Frequency of Material Verification (High Value Items)

Verified every 6 months.

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Frequency of Material Verification (Low to Medium Value Items)

Verified yearly.

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Frequency of Material Verification (Low Value and In-process Inventory)

Verified every 2 or 3 years depending on the type of item.

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Fire Safety Precautions

Measures to prevent and control fires in storage areas.

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Fire Extinguishers & Buckets

Ensure fire extinguishers are readily accessible and fire buckets are full of water/sand in storage areas.

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Inflammable Storage

Keep inflammable materials separate from combustible items like wood.

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Explosive Regulations

Comply with regulations for managing explosives and dangerous materials.

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FIFO Stock Management

Issue items in the order they were received, not from fresh receipts first.

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Depots & Yards Survey

Inspect large depots and yards to ensure all stored materials are accounted for.

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Store Procedures

Inspect and audit the methods for storing, issuing, and recording inventories in stores.

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Controller of Stores Responsibilities

The Controller of Stores manages distribution to the whole railway, ensuring needs match supplies.

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Locally Manufactured Goods

Locally manufactured items should be stored on subordinate accounts, not on main stock.

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What is S. 3251?

A completion report submitted at the end of a stock verification process. It details information like dates, working days, and discrepancies found.

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What does the Completion Report include?

The Completion Report includes information about the depot, class of stores, unit prices, verification dates, number of days worked, number of items, and discrepancies found.

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What happens after verification?

After verification, the Stock Verifier updates their field book and stock sheet with the actual stock figures. The Stores Accounts Officer compares these to the priced ledger and adjusts the records accordingly.

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What happens if there's a difference in stock?

If there's an excess, meaning the actual stock is more than recorded, the difference is posted as a receipt in the ledgers. If there's a shortage, it's treated as an issue.

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How is the Completion Report reviewed?

The Completion Report is reviewed by an authorized Inspector and then submitted to the Stores Accounts Officer for final approval.

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Weighment vs. Counting

Using weight instead of counting for large quantities of small items to save time and effort. A 5% or 100 items sampling is used for weighing.

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Sample Size for Weighment

A 5% or 100 items (whichever is less) is counted to calculate the weight ratio.

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Weighment Process

Weighing maximum possible unit quantities each time to get most accurate result.

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Measurement for Weighment

Using length, area or volume to estimate total weight, when scale balances are unavailable. Requires 2% for steel, 10% for others.

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Average Weighment

Using measurement and sample weighing to approximate total weight of a large stock.

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Accepting Depot Balance

If estimated weight closely matches depot record, the record can be considered accurate.

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Rechecking Weighment

Re-evaluate all measurements and weighing if considerable difference is found between estimated and recorded weight.

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Valuable Articles Handling

Weigh all valuable articles entirely regardless of scale capacity.

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Heavy Article Verification

Determine weight by measuring heavy items (like steel plates) and using formulas/conversion factors provided by railway admin.

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Recording Weighment Methods

Keep a detailed record of the way each weighings/measurements are performed in the field book.

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Stock Verifier's role

The Stock Verifier examines materials to ensure they match records. They check a percentage of bins or bags, and if accurate, accept the rest. If errors are found, the entire stock must be checked.

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Ward Keeper's role

The Ward Keeper acts as a representative of the Stores Department during verification. They initial the field book to acknowledge agreed-upon stock figures and issue a certificate confirming all items were verified.

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What is a Completion Report?

The Completion Report summarizes the entire stock verification process. It includes details such as dates, working days, and any discrepancies found.

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Who signs the Completion Report?

The Ward Keeper and Section Officer of the Stores Accounts Office both sign the Completion Report.

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What happens if items are missing?

If any items are missing during verification, the Stock Verifier must explain the reason for the omission in the Completion Report.

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When is measurement used for weighment?

Measurement (length, area, volume) is used to estimate the weight when scale balances are unavailable. A specific percentage (e.g., 2% for steel, 10% for others) is used for calculation.

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How is the stock balance accepted?

If the estimated weight based on measurement or sample weighing closely matches the depot record, the record is considered accurate.

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What happens if there is a significant difference?

If there is a considerable difference between the estimated weight and the recorded weight, all measurements and weighings need to be re-evaluated.

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How are heavy articles verified?

For heavy items like steel plates, the weight is determined by measuring them and then using formulas or conversion factors provided by the railway administration.

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Verification Register

A manuscript register maintained by the Inspector of Stores Accounts to record details of each stock verification process. It contains information about the depot, date of verification, Stock Verifier, and completion details.

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Completion Report (S. 3261)

A report submitted by the Stock Verifier at the end of a verification process. It summarizes the findings, discrepancies, and other relevant details.

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Role of the Stores Accounts Officer

The Stores Accounts Officer checks the work of the Inspector and Verifiers, reviews completion reports, and ensures all verification processes are properly documented.

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Routine Verification of Stock

A regular inspection of stock held in various locations, including stores department, subordinate units, and work sites.

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Frequency of Verification

The frequency of stock verification varies depending on the type and value of the materials.

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Verification Register Columns

The Verification Register contains key columns to record information about the stock verification process. These include details like Serial Number, Depot Name, Dates, and Stock Verifier.

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Importance of Verification Register

This register provides a comprehensive record of all verification activities and is essential for ensuring timely and accurate stock management.

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Stock Verification

Checking if the actual amount of stored materials matches the records. This involves comparing quantities, quality, and condition.

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Discrepancy Threshold

The difference between the actual stock and the recorded amount that triggers further investigation. It's usually 2% of total transactions or ₹5,000, whichever is higher.

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Erroneous Classification

When materials are incorrectly categorized in the records, leading to confusion and potential losses.

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Unauthorized Stock

Materials stored without proper authorization, potentially leading to misuse or waste.

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Surplus Stores

Items that exceed the current demand and have been sitting in storage for over a year, indicating potential waste or inefficiency.

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Safe Custody

Storing materials in a secure way to prevent loss, damage, or deterioration.

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Fire Protection

Measures to prevent and control fires in storage areas, such as fire extinguishers and fire-resistant materials.

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Completion Report

A document summarizing the stock verification process, including details of discrepancies found and actions taken.

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Who are 'Special Ticket Examiners'?

They are travelling officers who verify tickets and ensure fare compliance. They also check the validity of the ticket.

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What's the role of a 'Stationery and Forms Inspector'?

They oversee the management and distribution of stationery and forms within a railway station.

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What does a 'Platform Inspector' do?

They inspect the condition of platforms, ensuring they are safe for passengers and train operations.

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Why is 'Dead Stock' not always verified?

Dead stock, tools, and low-value items like notice boards aren't always checked because they pose less risk of major discrepancies.

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What does the 'Stock Verifier' check for small tools?

They don't directly verify small tools, but they examine the system in place for their management and ensure proper handling.

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What are 'Petty Consumable Stores'?

These are small and frequently consumed supplies, and are not always verified due to their low value and frequent replenishment.

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Why are 'Charged Off Sleepers' considered 'Dunnage'?

These are used as packing or support materials in transport. These materials are not considered valuable enough to track in detail.

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What is a 'Completion Report' in stock verification?

It summarizes a verification process, providing details like dates, verification days, and any discrepancies found.

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Who reviews the 'Completion Report'?

It is reviewed by an authorized Inspector and then submitted to the Stores Accounts Officer for final approval.

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Fluid Verification

The process of ensuring that the correct amount of fluid is in storage, based on measured volume and specific gravity.

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Cylindrical Container Volume

The volume of a cylindrical fluid container is calculated by multiplying the area of the circular base by the height.

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Rectangular Container Volume

The volume of a rectangular fluid container is calculated by multiplying length, breadth, and height.

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Fluid Verification in Litres

Verify fluid stock in litres by converting the container's volume (in cubic decimetres) to litres, knowing 1 cubic decimetre = 1 litre.

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Fluid Verification in Kilograms

Verify fluid stock in kilograms by first calculating volume in cubic decimetres, then converting to water weight (1 kg per cubic decimetre), and finally adjusting for the fluid's specific gravity.

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Unopened Receptacles

Unopened containers with intact seals are presumed to contain the amount of fluid stated on the label.

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Known Firms' Goods

Goods supplied by well-known firms with established reputations can be accepted as per the quantity marked without opening the package.

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Verification Methods

Verification methods include measuring container volume, weighing fluid, or accepting the stated quantity for unopened receptacles from reputable firms.

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Stock Verification Summary

A completion report details the dates, working days, and any discrepancies found during stock verification.

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Completion Report's Role

The completion report serves as a record of the stock-taking process, including any discrepancies found. It's reviewed and approved by authorized personnel.

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Belting Length Calculation

To determine the length of belting in a coil, add the hole diameter to the outside diameter, multiply by the number of laps, then multiply by 0.01571. The result is the belting length in meters.

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Unpacked Imported Goods

Imported goods, if packaged by reputable firms, can be accepted based on the weight or number marked on the package. Opening the package is not always necessary.

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Verification of Issued Items

When items are issued based on quantity but billed by weight, stock verifiers must verify the weight against the issued quantity to prevent overbilling.

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Incomplete Count or Weighment

If weighing or counting is interrupted, the already counted or weighed portion should be separated from the remaining stock.

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Stock Rearrangement

The stock verifier is responsible for ensuring that all materials removed from racks, etc. are correctly placed back in their designated locations.

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Study Notes

Stock Verification of Stores Depots

  • Purpose: To ensure store materials match descriptions and specifications in records; investigate discrepancies.
  • Frequency: Stores depots should be verified by Accounts Department staff according to a schedule.
  • Materials at site: Stores held by various departments verified once a year.
  • Imprest holders: Stores held by those with imprest holders verified every two years.
  • Tools and Plant: Items verified every three years
  • Depot items (annual usage value):
    • Rs. 1.25 lakhs or more: Once a year
    • Rs. 20,000 to Rs. 125 lakhs: Once in two years
    • Below Rs. 20,000: Once in a year
    • Not issued for 12 months: Once in two years
  • Inspector items: Verifying items for inspectors, tools and instruments, etc every three years.
  • In-process inventory: Verification of costly and pilferable items in workshops and production units every three years.
  • Machinery and Plant: Verified every three years.
  • Flexibility: The Chief Accounts Officer or General Manager can adjust verification periods based on efficiency, safeguards, and economy.

Verification Registers

  • Maintenance: The authorised Inspector maintains separate registers for depot and line verifications.
  • Information recorded: Registers include serial number, depot/division name, number of verification days, names of stock verifiers, dates (start and completion), time taken, initial of Inspector of Stores Accounts, etc.
  • Purpose: Ensures materials are verified as needed and helps monitor progress.

Verification Duties

  • Routine verification: Includes stores under the Stores Department, imprest stores, site of work, charged-off materials in workshops, fuel, timber, engineering reserve plant, tools, and other departmental tools, consumable stores, and in-process inventory in workshops.
  • Surprise verification: Involves checking stocks unexpectedly.
  • Inspection responsibilities: In charge of stock sheets, field books, and related materials.

Stores Accounts Officers' Duties

  • Verification Programme: Creates a schedule for verification.
  • Verification Progress: The authorized Inspector of Stores Accounts is responsible for the proper conduct of verifications.
  • Preparation of reports: Records details and sends copies to the Chief Accounts Officer.
  • Ensuring compliance: Responsible for the proper and timely completion of verification.
  • Supervision: Oversees work assigned to Stock Verifiers.

Verification of Large Discrepancies

  • Investigation: Any notable differences between recorded and actual stock levels should be investigated immediately.
  • Detailed Reports: Detailed reports to the Accounts Officer are required. This ensures prompt action and analysis of cause of discrepancies.

Important Items and Arrangements for Custody

  • Storage and Safety: Stock Verifiers should ensure proper storage and protection of materials.
  • Proper Arrangements: Verify that materials are safely stored and well protected against damage, theft, or loss.
  • Fire Safety: Ensure fire protection measures are in place, with readily accessible fire extinguishers and water/sand buckets.
  • Restricted Zones: Make sure dangerous or inflammable materials are not near flammable or combustible items (as per regulations)

Small Tools and Hand Tools

  • Exceptions for verification: Verification done by workshop staff.
  • Careful management: Verification to ensure materials are carefully managed.
  • Work system: Verification if materials are correctly issued to employees. Return of the materials upon being no longer needed.

Dead Stock and Tools

  • Discretionary omission: Verifiers can omit low-value items from detailed documentation.
  • Focus on important items: The emphasis is placed on verifying higher-value and crucial items.

Petty Consumable and Dunnage Stores

  • Exemption from specific verification (for certain situations).
  • Verification not needed when verification is impractical.
  • Verification is not practical or efficient.

Stock Sheet and Verification Procedures

  • Triplicate forms: Stock sheets in triplicate are utilized for verification of items.
  • Serial numbering: Stock sheets and reports should contain a serial number for each unified group.
  • Single-sided entries: Entries should be made only on one side of the sheet or report.
  • Spacing between entries: Some space should be left between rows of entries.
  • Tracing: A cross-reference system between field books and stock sheets is needed to trace entries.

Completion Report

  • Monthly reporting: Monthly reports, showing verification results are to be submitted.
  • Detailed information: The report includes various details like the depot or department, the type of verification, dates, counts and any discrepancies found

Adjustment or Supplementary Stock Sheets

  • Handling subsequent receipts: Additional sheets for items received after the initial verification period are recommended.

Register of Stock Verification Sheets

  • Record-keeping: Register used to keep track of stock sheets.
  • Finalisation dates: Stock sheets must be finalized within six months.

Additional Instructions

  • Presence of a Depot Storekeeper: Verification takes place in the presence of a Depot Storekeeper or a designated employee.
  • Weighment adjustments: Weighments should be double-checked.
  • Verification of issues and receipts: Stock sheets should explicitly track items currently in use or on hand.

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Indian Railways Stores Department Code PDF

Description

This quiz focuses on the procedures and guidelines for stock verification in store depots. It covers the frequency and methods of verifying various materials, including tools, plant items, and depot inventory based on their usage value. Understand the importance of regular inspections and record matching in inventory management.

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