If the physical inventory count revealed $158,000 of merchandise on hand and inventory records reported $163,000, what
Fantastic news! We've Found the answer you've been seeking!
Question:
If the physical inventory count revealed $158,000 of merchandise on hand and inventory records reported $163,000,
what would be the adjusting entry needed to record the inventory shrinkage?
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
Posted Date: