Do inventory recounts affect my General Ledger?

Do inventory recounts affect my General Ledger?

Postby M1EnterpriseTech » 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:

    Asset Account - Stocking Inventory


and the offsetting account to the

    Expense Account- Inventory Adjustments ( Recounts)
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