Retail
Cycle Count Overage — Inventory Surplus
Adjusting the books when a physical count finds more inventory than the system shows.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Merchandise Inventory | Asset (+) | 350.00 | - |
| Inventory Overage Income (Other Income) | Revenue (+) | - | 350.00 |
💡 Accountant's Note
An overage means the system underestimated stock — perhaps due to a missed receiving entry. The inventory is adjusted upward and the gain is recognized as Other Income.
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Expert Analysis by Qusai Ahmad
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