Individual stock records for a retail company are an example of:

Question

Quizplus · Accepted Answer

Individual stock records for a retail company would be maintained in a subsidiary ledger, which is a separate ledger used to record details of specific accounts or transactions within the larger accounting system. This allows for easier tracking and management of individual accounts or transactions. The other options - a special journal for inventory, a manual accounting system, and a control account - do not accurately describe the purpose or function of individual stock records for a retail company.

Individual Stock Records for a Retail Company Are an Example