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AC05 Inventory - Coggle Diagram

- - - - Updated
        
        Immediately
    - - Dr Inventory, Cr Cash/Accounts Payable
    - - Dr Cash/Accounts Receivable, Cr Sales Revenue
      - Dr COGS, Cr Inventory
  - - - Updated
        
        At end of period
    - - Dr Purchases Cr Cash/Accounts Payable
    - - Dr Cash/Accounts Receivable, Cr Sales Revenue
    - - Stock Count
        
        Ending Inventory
      - COGS
        
        = Beginning Inventory + Purchases - Ending Inventory
        
        Dr Inventory (Ending), Dr COGS
        Cr Purchases Cr Inventory (Beginning)
- - - - Dr Write Down of Inventory
      - Cr Allowance for Inventory Write-down