ABSTRACT
The importance of the subject is very much increased by the re-doubled efforts of foreign countries to capture our trade. The two prime factors in almost all costs are Labour and Material. It is of equal importance that there should be a system for the accurate recording of all transactions, whether requisitions, orders, prices, consumption or stocking of stores. The costs clerk will enter the goods and value to the credit of the account for the particular stock order number, or the account for the particular class of article in the prime cost ledger, recording also the warehouse number allotted. It is of equal importance that there should be a system for the accurate recording of all transactions, whether requisitions, orders, prices, consumption or stocking of stores. This ledger is much the same as the commercial ledger, save that the accounts are with the different classes of materials instead of individuals.
