Record inventory that is recovered after a loss has already been recorded:

Select one:
a.In the General Journal, using the inventory asset and the damaged/lost inventory expense accounts
b.In the Adjustments Journal, using a positive quantity and the damaged/lost inventory expense account
c.In the Adjustments Journal, using a negative quantity and the damaged/lost inventory expense account
d.In the General Journal, using the inventory asset and the damaged/lost inventory expense account

Answer rating: 100% (QA)

Loss on inventory writeoff is an expense account ... View the full answer