What Is an Inventory Ledger?

The large-scale inventory commodity accounts are some large-scale wholesale enterprises with a large variety of products. They also set a large-scale inventory commodity account for the large-scale commodities between the "inventory commodities" account and the detailed inventory account books. Commodity accounting. In these enterprises, the commodity account forms a three-level organization. The general ledger is usually called the first-level ledger, the large-level ledger is the second-level ledger, and the detailed ledger is the third-level ledger. In addition, the warehouse department also needs to set up a commodity storage account, which is divided into households according to the number, name, specification, and grade of the commodity, and the quantity is calculated. Generally, only a large amount of inventory goods is registered, and the purchase price is calculated. The format of the large-scale account of inventory products, where only the amount is calculated, the general three-column amount account is usually used. The general category of inventory goods is generally registered by category according to the merchandise receipt and receipt. ^[1]