The inventory journals may be used for one of the following -

Question

Quizplus · Accepted Answer

Inventory journals are primarily used for recording adjustments to inventory levels, such as stock write-offs or write-downs, and for tracking the assembly of items from various inventory components. They are not typically used for recording the purchase or sale transactions of inventory, whether on credit or cash basis, as those are recorded in different types of journals or ledgers.

The Inventory Journals May Be Used for One of the Following