An inventory write-off is an accounting term for the formal recognition of a portion of a company's inventory that no longer has value. An inventory write-off can be recorded in two ways. It can be expensed directly to thecost of goods sold(COGS) account or it can offset the inventory ...
Sometimes the inventory value increases, and sometimes we have to write down the value of the Inventory, which is called inventory write-down accounting. It also depends on the physical structure of the Inventory. For the same lot of Inventory, the management may write off, do inventory write...