What term describes a file containing stock records for all merchandise on hand?

The term "stock ledger" refers to a file that contains detailed records of all the merchandise on hand. This includes not only the quantities of different items but also transaction histories, details about purchases, sales, and possibly even adjustments due to returns or damages. The stock ledger serves as a comprehensive record that helps in tracking inventory levels and understanding stock movements over time.

It is distinct from other concepts, such as a general inventory file, which may not contain detailed transaction data, or a stock record, which could refer to individual entries for specific items rather than a comprehensive file. The stock inventory might refer to the total amount of stock available, but it does not encompass the detailed tracking and documentation characterizing a stock ledger. The correct choice emphasizes the systematic and detailed nature of inventory management, which is crucial for effective accounting and inventory control.