Which of the following journal entries would be recorded when the inventory with cost of 33.000 TL has a shrinkage of 3.000 TL in its value? a. 3.000 TL debit to 689-Ext. Loss; 3.000 TL credit to 153-Inventory O b. 3.000 TL debit to 621-COGS; 3.000 TL credit to 153-Inventory c. 3.000 TL debit to 157-Other Inventory; 3.000 TL credit to 153-Inventory d. 3.000 TL debit to 689-Ext. Loss; 3.000 TL credit to 100-Cash

Which of the following journal entries would be recorded when the inventory with cost of 33.000 TL has a shrinkage of 3.000 TL in its value? a. 3.000 TL debit to 689-Ext. Loss; 3.000 TL credit to 153-Inventory O b. 3.000 TL debit to 621-COGS; 3.000 TL credit to 153-Inventory c. 3.000 TL debit to 157-Other Inventory; 3.000 TL credit to 153-Inventory d. 3.000 TL debit to 689-Ext. Loss; 3.000 TL credit to 100-Cash

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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