Posts Tagged ‘company’

2 results.
Jan17

How do you record expired inventory in a double entry accounting journal?

by mutong on January 17th, 2011
Posted In: Accounting

If a company has expired inventory, such as milk, that they can not sell, how would you record it in a double entry accounting style journal? What accounts would be debited and credited

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Jan17

Accounting??????????

by mutong on January 17th, 2011
Posted In: Accounting

ABC Company received a Credit Memo from XYZ Company for merchandise returned, $450. ABC Company received a credit memo from XYZ Company for merchandise returned, $450. What would the transaction be?

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