Do inventory recounts affect my General Ledger?
Posted: Thu Aug 31, 2017 12:16 pm
Yes, when you do a recount to change the inventory quantities there will be a change to the
values recorded in the General Ledger to the following two accounts:
and the offsetting account to the
values recorded in the General Ledger to the following two accounts:
- Asset Account - Stocking Inventory
and the offsetting account to the
- Expense Account- Inventory Adjustments ( Recounts)