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What are the GL postings in Stock revaluation and stock
adjustment transactions?



What are the GL postings in Stock revaluation and stock adjustment transactions?..

Answer / Vivek Pandey

GL postings for stock revaluation transactions involve debiting the inventory account for the revised value of inventory and crediting a reserve account to reflect the increase or decrease in the inventory's carrying value. For stock adjustment transactions, such as physical counts or write-offs, the GL postings involve debitting the inventory account for the cost of the adjusted inventory and crediting various expense accounts depending on the reason for the adjustment.

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