Material Ledger Card

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 22, 2023

Materials Ledger Card: Definition and Explanation

Costing means determining cost. Costing for materials involves studying different methods to calculate the cost of receipts, returns, and issues of materials.

Better cost of the materials ledger cards is maintained for all items of materials.

The materials ledger card is also known as the store ledger card.

It provides a continuous record of materials received and issued, as well as the balance of materials, at any time, both in terms of quantity and value.

Format/Specimen of Materials Ledger Card

Materials Ledger Card

The materials ledger card has three main parts, namely:

  • Receipts
  • Issued
  • Balance


When materials are purchased, they are recorded in the receipts section of the materials ledger card.


When materials are issued to production, they are recorded in the issued section of the materials ledger card.


The balance section of the materials ledger card shows the balance both in quantity and value. After every receipt of materials, the balance increases; after every issue, the balance decreases.

Material Ledger Card FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.