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qaws [65]
1 year ago
15

Inventory shrinkage as a result of theft, damage or obsolescence that is discovered during a physical inventory count at the end

of the accounting period is recorded with a decrease to inventory ______.
Business
1 answer:
san4es73 [151]1 year ago
8 0

Inventory depreciation due to theft, damage or obsolescence discovered during the physical count of inventory at the end of the accounting period is recorded with a decrease in inventory only in the perpetual system.

Depreciation Inventory is defined as the difference between the amount of inventory listed on the books and the actual inventory that is physically present; Such depreciation usually occurs due to theft, damage, or miscalculation.

If you own your own retail business, you may face theft, shoplifting, or other forms of fraud, leading to unexpected inventory losses. Loss of inventory is a huge problem for any business that carries physical goods. Without control and monitoring, there is no way to track down the root cause of inventory shrinkage in your business.

You can learn more about Depreciation Inventory here brainly.com/question/28205327

#SPJ4

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Nadusha1986 [10]

Answer:

The correct answer is: oligopoly.

Explanation:

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3 years ago
If no fixed duration of the partnership is specified, the partnership is a partnership in perpetuity, which means that the partn
arsen [322]

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7 0
3 years ago
In basing a credit decision on the applicant's income, the credit extender must consider alimony, child support, and maintenance
andriy [413]
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7 0
3 years ago
During 2016, Rao Co. introduced a new line of machines that carry a three-year warranty against manufacturer's defects. Based on
Over [174]

Answer:

$319,000

Explanation:

The computation of the liability is shown below:

= Total expenses in three year - actual warranty expenditure

where,

Total expenses in three years = Total sales × total percentage of sales

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Now put these values to the above formula  

So, the value would equal to

= $558,000 - $239,000

=  $319,000

6 0
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