Inventory Write-offs: All You Need to Know + journal entries
One way to support that is by decreasing the slow-moving Inventory and replacing it with fast-moving items. Now let’s look at the situation where we have to write the inventory off, rather than sell it. Debit https://www.bookstime.com/articles/what-is-book-balance your Cost of Goods Sold account and credit your Finished Goods Inventory account to show the transfer. Debit […]
Inventory Write-offs: All You Need to Know + journal entries Leggi tutto »