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-   -   What will be the account affected by an adjusting entry to a merchandise inventory (https://www.askmehelpdesk.com/showthread.php?t=698579)

  • Sep 1, 2012, 02:42 AM
    lin lin grace
    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?
  • Sep 1, 2012, 04:32 AM
    paraclete
    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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