The correct answer is: C. Both (a)
and (b).A stock journal is a book of original entry used to record the movement of goods in and out of a warehouse or other storage facility. It is used to track the quantity and value of goods on hand, as well as the cost of goods sold.
The stock journal can be used to record both production and consumption. Production refers to the process of converting raw materials into finished goods. Consumption refers to the use of finished goods in the production process or in the sale of goods to customers.
The stock journal can also be used to record inter godown transfer for stock. Inter godown transfer refers to the movement of goods from one warehouse or storage facility to another. This can be done for a variety of reasons, such as to consolidate inventory, to move goods closer to customers, or to respond to changes in demand.
The stock journal is a valuable tool for businesses that need to track the movement of goods. It can help businesses to manage their inventory, to control costs, and to comply with regulations.
Here is a brief explanation of each option:
- Option A: Production and Consumption. The stock journal can be used to record both production and consumption. Production refers to the process of converting raw materials into finished goods. Consumption refers to the use of finished goods in the production process or in the sale of goods to customers.
- Option B: Inter Godown transfer for stock. The stock journal can also be used to record inter godown transfer for stock. Inter godown transfer refers to the movement of goods from one warehouse or storage facility to another. This can be done for a variety of reasons, such as to consolidate inventory, to move goods closer to customers, or to respond to changes in demand.
- Option C: Both (a) and (b). The stock journal can be used to record both production and consumption, as well as inter godown transfer for stock.
- Option D: None of these. The stock journal can be used to record both production and consumption, as well as inter godown transfer for stock.