Accounting Manual Accounting for Inventory Transactions Contents Overview .1 Typical Journal Entries 1 Typical entries for a stockroom supplying Yale laboratories: .1 Typical entries for Yale stores such as the ...
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...Accounting manual for inventory transactions contents overview typical journal entries a stockroom supplying yale laboratories stores such as the health plan pharmacy and museum shops dining halls default purpose of this document is to assist departments units in implementing policy valuation basic guidelines are should be recorded an expenditure type code beginning with xxx at end each month dollar value general ledger agree system used manage stock levels whenever practical pass through sale internal customers one step process that allows appropriate charging user reduction balances outside these sales service providers selling other must use two follows isp billing by recording revenue using ex xxxxx also reduces external who not part university follow similar but record adjustment loss shall o differences noted during physical or write offs unusable items have become damaged obsolete storage any deviations from concepts need approval controller s office below examples codes may var...