Difference between revisions of "Ledger Transactions Reference"
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===Adjust Inventory Values=== | ===Adjust Inventory Values=== | ||
| − | When inventory values are adjusted, the value of the change in inventory value (quantity * change in unit cost) is recorded as a | + | When inventory values are adjusted, the value of the change in inventory value (quantity * change in unit cost) is recorded as a |
| + | <pre> | ||
| + | DR Inventory Value Adjustment (expense) | ||
| + | CR Inventory (asset) | ||
| + | |||
| + | </pre> | ||
| + | |||
| + | This is recorded for each item whose value is adjusted. | ||
Revision as of 00:20, 22 November 2007
Contents
Adjust Inventory Values
When inventory values are adjusted, the value of the change in inventory value (quantity * change in unit cost) is recorded as a
DR Inventory Value Adjustment (expense) CR Inventory (asset)
This is recorded for each item whose value is adjusted.
