The company just took a physical count of inventory and found $75 worth of inventory was unaccounted
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Question:
The company just took a physical count of inventory and found $75 worth of inventory was unaccounted for it was either shoplifted by a customer or stolen by an employee which journal would the company use to record the correction of the error in inventory:
a) sales journal
b) purchases journal
c) cash receipts journal
d) general journal
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date: