Question

.............. is a subsidiary ledger maintained in cost accounting.

• A. Debtor ledger
• B. Creditor ledger
• C. Work-in-Progress ledger
• D. Receivables ledger

Hint:

WIP ledger tracks incomplete work — essential in cost records.

Answer 1

The Correct Option is C

Cost accounting utilizes distinct subsidiary ledgers for detailed cost element tracking.
The Work-in-Progress (WIP) ledger is a key subsidiary ledger tracking incomplete jobs, contracts, or ongoing production processes.
It documents costs associated with each unfinished unit or batch, encompassing materials, labor, and overheads.
This facilitates the calculation of costs invested in unfinished work at any given moment.
Debtor and Creditor ledgers fall under financial accounting, not cost accounting.
Therefore, the Work-in-Progress ledger is the accurate designation.