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    lin lin grace's Avatar
    lin lin grace Posts: 1, Reputation: 1
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    #1

    Sep 1, 2012, 02:42 AM
    What will be the account affected by an adjusting entry to a merchandise inventory
    What account in the TRIAL BALANCE will be affected if there is an adjustment to the merchandise inventory, Ending Balance?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Sep 1, 2012, 04:32 AM
    It depends what caused the adjustment, incorrect count, purchases not brought to account, sales not brought to account. Ultimately profit might be affected depending upon the type of accounting for inventory
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