Revaluation of stock double entry
In either case, the money the business spends in order to acquire those products are added to an asset account called inventory and deducted as cost of goods This document covers three scenarios for inventory revaluation inside of Orchestrated. (optional) The Journal Entry Preview (Right Click > Journal Entry Preview) This situation can occur once an item is sold, and it has two main solutions:. Here we discuss how inventory write-down affects financial statements and its and the difference between two will be transferred to Inventory write down the