Material Ledger Card

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on September 6, 2021

Definition and Explanation

Costing means determining cost. Costing for materials includes the study of different methods, for calculation of cost of receipt, cost of issues of materials and cost of the returns. better cost of materials ledger cards is maintained for all items of materials.
Material ledger card is also called as store ledger card. The materials or store ledger, card provides a continuous record of materials received, issued and balance at any time both in quantity and value. Material ledger card shows receipts, issues and balance of mateiials at any time.

Format/Specimen of Materials Ledger Card

material ledger card
The material ledger card has three main sections as under:

  • Receipts
  • issued
  • Balance


When materials are purchased these are recorded •in receipts section of material ledger card.


When materials are issued to production these are recorded in issued section of material ledger card.


The balance section of material ledger card shows the balance both in quantity and value. After every receipt of material, the balance is increased and after every issue the balance is decreased.

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