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Join nowHi yszcommerce,
The Cost of goods sold account is only affected when you sell inventory items on invoices or sales receipts. For adjusting the inventory, it will credit the Inventory Shrinkage account and debit the Inventory Asset. You can run the Transaction Journal for that adjustment by following these steps:
I'm also adding these articles for more information about inventory adjustments:
Please let me know if you have any additional questions by adding a comment on this thread. Take care and stay safe.
No it adds the total item cost back into inventory asset and takes that amount from the COGS shrinkage account
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