Inventory Sub ledger Audit data standards ledger defines product master data, location data, inventory on hand data, and inventory movement. Thus Correct answer (c).
An inventory subsidiary ledger records transactions that effect inventory. A separate account is created for each item offered for sale and contained in inventory. Each item can be tracked in three column entries that record purchases, sales and account balances.
Purchases, sales, and the account balance are often listed in various sets of columns in inventory subsidiary ledger accounts. The number of units, the cost of each unit, and the overall cost are all recorded in the three columns that are included in each set.
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Full Episode :Which Audit data standards ledger defines product master data, location data, inventory on hand data, and inventory movement?
A. Order to Cash Sub ledger
B. Procure to Pay Sub ledger
C. Inventory Sub ledger
D. Base Sub ledger
C. Inventory Sub ledger