Section 505

Allocated Stores are stores in respect of which the vote of charge is known when the stores are purchased, or are received from

Unallocated Stores. Allocated Stores are accounted for numerically and are further classified as follows :-

505.1 Stock Ledger -

all items to be held in stock for later use.

505.2 Inventory 505.3 Consumable all durable items for immediate use and not taken on stock ledger charge.

all items which are purchased, or received from Unallocated Stores and are of such nature that they are not normally required to be further ac-counted for. There may be exceptions in that in the case of certain types of stores, consumption records are re-quired to be kept.