This accounting sub-system deals explicitly with recording different inventory items purchased and issued, tracking their respective prices, quantities, and transaction dates:
- ASales and Accounts Receivable Sub System
- BPurchase and Accounts Payable Sub System
- CInventory Sub System
- DExpense Sub System
Solution & Step-by-step Explanation
In a Computerised Accounting System (CAS), responsibilities are split among specialized tracking systems. The Inventory Sub-system manages the ledger records for stock items, tracking item quantities, acquisition costs, unit prices, issue dates, and current stock balances.