Store Officer Interview Questions and Answers for Freshers

RI No. of feeder ending clamp is a unique identification number assigned to the clamp used to connect the feeder cable to the distribution cable.

• RI No. stands for Release Information Number

• Feeder ending clamp is used to connect the feeder cable to the distribution cable

• RI No. is a unique identification number assigned to the clamp

• It helps in tracking and maintaining the inventory of clamps

• Example: RI No. of feeder ending clamp could be FE-1234

FIFO and LIFO are inventory management methods. FIFO stands for First In, First Out, while LIFO stands for Last In, First Out.

• FIFO means that the oldest inventory items are sold first, while LIFO means that the newest inventory items are sold first.

• FIFO is commonly used in industries with perishable goods, such as food, while LIFO is more suitable for industries with non-perishable goods.

• FIFO results in lower tax liabilities as it matches revenue with older, lower-cost invent...read more

To maintain a store, it is important to organize inventory, implement proper storage techniques, conduct regular stock checks, and ensure cleanliness.

• Organize inventory by categorizing items and using proper labeling

• Implement proper storage techniques such as using shelves, racks, and bins

• Conduct regular stock checks to track inventory levels and identify any discrepancies

• Ensure cleanliness by regularly cleaning the store, removing expired or damaged items

• Maintain proper docu...read more

Types of ledger include general ledger, subsidiary ledger, and control ledger.

• General ledger contains all financial transactions of a business.

• Subsidiary ledger provides detailed information on specific accounts.

• Control ledger summarizes information from subsidiary ledgers.

• Examples: Sales ledger, Purchase ledger, Cash ledger.