Asked by Ayeshah Jones on Apr 25, 2024
Verified
An inventory ledger is not used to track details of quantities and costs.
Inventory Ledger
A detailed record that tracks the quantities and costs of all types of inventory a company has in stock during a specific period.
- Comprehend the significance of inventory ledgers and journals in managing inventory transactions and balances.
Verified Answer
PD
Paresh Dedhia7 days ago
Final Answer :
False
Explanation :
An inventory ledger is indeed used to track details of quantities and costs of inventory items, providing a detailed record of inventory transactions.
Learning Objectives
- Comprehend the significance of inventory ledgers and journals in managing inventory transactions and balances.