Accounts Payable, General Ledger, Profit and Loss and Sales

Dealing with Obsolete Inventory

CFO Simplified

APRIL 15, 2022

There are two major issues here: (1) how do you decide when something becomes obsolete and (2) how do you price it for quick sale? Sales – $10,000,000. Reduce the price of the inventory to minimal levels and promote the sale of the garments through internet channels. Ensure the sales register matches the individual invoices.

Profit and Loss

Profit and Loss Manufacturing General Ledger Accounts Payable

Corporate Finance Brief

Dealing with Obsolete Inventory

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