Vincent4436
New Member
I know this going to seem like a real junior question, but I am looking for some help.
I am a financail auditor and was wondering what the financial impact of making WIP adjustments is? Is it any different that the normal inventory adjustments? Would this cause the inventory reports not to balance with the GL?
Secondly, what in general, might be some common causes of the perpetual inventory not matching the GL?
I am a financail auditor and was wondering what the financial impact of making WIP adjustments is? Is it any different that the normal inventory adjustments? Would this cause the inventory reports not to balance with the GL?
Secondly, what in general, might be some common causes of the perpetual inventory not matching the GL?