Which subsidiary journal is used to record the inventory at end of year?

There isn't a specific subsidiary journal dedicated solely to recording inventory at the end of the year. Inventory is typically recorded in a purchases journal or sales journal throughout the year, depending on whether the company is purchasing or selling goods.

Here's why:

* Inventory is a continuous process: Inventory levels change constantly throughout the year as purchases are made and sales occur.

* Subsidiary journals track specific transactions: Subsidiary journals are used to track individual transactions for specific types of accounts. For example, a purchases journal tracks each individual purchase, while a sales journal tracks each sale.

* Year-end adjustments are made to the general ledger: At the end of the year, the inventory balance is adjusted to reflect the actual count of inventory on hand. This adjustment is made in the general ledger, not a subsidiary journal.

Key points:

* Subsidiary journals are used to record individual transactions.

* Inventory is a continuous process and is recorded throughout the year in relevant subsidiary journals.

* Year-end inventory adjustments are made to the general ledger, not subsidiary journals.

Let me know if you have any other accounting questions!