According to me, the value is already adjusted by closing stock. Also, we do not prepare inventory accounts under periodic system.
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Quick Summary
This discussion clarifies the accounting entry for inventory write-downs, specifically addressing why an 'entry loss' is passed to the Inventory account. Participants explain that this loss is ultimately recognised in the cost of sales account. This adjustment ensures that both the inventory's value on the balance sheet and the cost of goods sold accurately reflect the reduced value.