Question

The inventory subsidiary ledger is used a.to keep track of inventory sold. b.to keep track of proper inventory maximum and minimum levels. c.to keep track of inventory purchased. d.All of these choices are correct.

Answer 1

Answer:

All of these choices are correct

Explanation:

The inventory subsidiary ledger is used to keep track of the true inventory levels all the time in a company and whether inventory goes missing or not, they keep track of every movement of inventory that happens in a company.

Answer 2

Answer:

The answer to what The inventory Subsidiary Ledger is used for is option D) All of these choices is correct

Explanation:

Inventory subsidiary ledger accounts usually contain different sets of columns for purchases, sales, and the account balance. Each set has three columns, which are used to record the number of units, the cost of each unit, and the total cost.

Companies use Inventory Subsidiary ledgers to

1. keep track of Inventory sold
2. Keep track of Inventory Purchased
3. Keep track of Inventory maximum and minimum levels

The Maximum and Minimum level section is found at the upper left corner of the accounts and used as a control mechanism designed to prevent the company from running low on stock.