Postings for Inventory Adjustments
You can adjust your on-hand quantities in inventory to fulfill demand. A negative adjustment moves items from inventory; a positive adjustment adds items to it. This sample ledger shows how inventory adjustment transactions post for standard or weighted average costing.
Standard or Weighted Average Costing
| Date | Transaction/Accounts | Debit | Credit |
|---|---|---|---|
| Sept. 1 | Negative adjustment | ||
| Product Class Inventory Adjustment | 40 | ||
| Product Class Inventory | 40 | ||
| Sept. 2 | Positive adjustment | ||
| Product Class Inventory | 60 | ||
| Product Class Inventory Adjustment | 60 |