What is the JE for indirect method?
DEBITED - loss on write-down of inventory to market (i.e. loss on market valuation)
CREDITED - allowance to reduce inventory to market
What is the JE for indirect method?
DEBITED - loss on write-down of inventory to market (i.e. loss on market valuation)
CREDITED - allowance to reduce inventory to market
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.