Retail
Donation of Inventory (CSR)
Recording the removal of stock from inventory for charitable purposes.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Charitable Donations Expense | Expense (+) | 400.00 | - |
| Merchandise Inventory | Asset (-) | - | 400.00 |
💡 Accountant's Note
When you donate products, you move the 'Cost' of those products from assets to a donation expense account. Do not use the 'Sales' price.
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