Accounting




Inventory Ledger (Stock Ledger)

Posted on | 2008-08-11

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The Inventory ledger in the accounting system is updated each time a transaction is processed on a stock item.
When a stock item is received the Inventory account balance is increased with a debit entry whilst the Inventory Suspense account is reduced with a credit entry. When a stock item is invoiced the Inventory account balance is decreased with a credit entry whilst the Cost of Sales account balance is increased with a debit balance.

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