Which ledger is used to track inventory issued and remaining balance?

• A. INVENTORY LEDGER
• B. PROVISION LEDGER
• C. ASSET LEDGER
• D. STOCK LEDGER

Answer: (B)

The main idea is to manage provisioning by recording how much has been drawn from stores and what remains in the allowance for those items. A provision ledger is designed for provisioning and stores accounts, so it tracks each issue against an item and shows the current remaining balance for that item. This makes it possible to see at a glance not only how much has been issued but also how much is left in stock for future needs, which is essential for planning and preventing shortages.

Other ledgers serve different purposes: an inventory or stock ledger focuses on general stock on hand and movements, not specifically the issued-versus-remaining balance for provisioning items; an asset ledger tracks fixed assets and their value over time. The provision ledger uniquely combines issuance data with the running balance for provisioning items, which is why it’s the best fit here.