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Journal Entry For Obsolete Inventory: Example and Calculation
2 minutes Posted Aug 1, 2022 at 1:23 am.
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Companies selling tangible goods and those engaged in maintenance and repair both need to keep track of their obsolete inventory. The quantity of obsolete inventory that a company has can be a key sign of whether inventory management and purchasing are being optimized or whether they need to be reevaluated. At this point, journal entry …. View detail https://blog.efex.asia/journal-entry-for-obsolete-inventory/