Updating multiple journals through semagic
Structural-level factors have contributed to the substantial disproportionate rates of HIV among Black men who have sex with men (BMSM) in the United States.Despite insufficient HIV testing patterns, however, there is a void in research investigating the relationship between structural factors and access to HIV testing and prevention services among BMSM.If a difference is found between the balance in inventory account and a physical count, it is corrected by making a suitable journal entry.The common reasons of such difference include inaccurate record keeping, normal shrinkage, and shoplifting etc.
These expenses are, therefore, also debited to inventory account.
The return of washing machines to the supplier decreases the cost of inventory and accounts payable.
The following entry would be made to record this decrease: (4).
The supplier allows a discount of 5% if payment is made within 10 days of purchase.
The Metro company uses net price method to record the purchase of inventory.