Retail
Dead Stock Write-Off (Fully Obsolete)
Removing completely unsellable inventory from the books after exhausting all markdown options.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Allowance for Obsolescence | Contra-Asset (-) | 2,000.00 | - |
| Merchandise Inventory | Asset (-) | - | 2,000.00 |
💡 Accountant's Note
When dead stock is physically disposed of, both the inventory and any previously established allowance are removed. If no provision exists, the full cost is expensed directly.
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