How are issues such as customer theft and spoilage addressed at year-end?

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asked Sep 27, 2018 178k views

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Moniquea · Answer 1 · 2018-10-03T20:35:44+0000

In accounting, the inventory is always done annually so inventory must always be accounted for at the year end. In order to address issues such as customer theft or spoilage, you have to minus (it's market value) from the beginning inventory.

How are issues such as customer theft and spoilage addressed at year-end?

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