The procedure for documentary design of writing off shortages and surpluses
Write-off of shortages and losses from damage to valuables must be justified and finally, be confirmed by appropriate documents. The procedure for writing off losses from shortages within the norms, as usual, the natural loss must be approved by the company's accounting policy. Natural loss can be written off only after an inventory is carried out on the basis of a corresponding calculation of Small Business Accountants in Walsall . Undoubtedly, it is worth mentioning that the calculation is made by the accounting department with the role of financially responsible persons. Please note that after drawing up, in the end, the calculation is checked by members of the inventory commission, and then approved by the manager of the organization. Please note: the norms of natural loss are not used for piece goods, as well as for goods supplied to the trading company in packaged form. The shortage of products within the limits of the norms of natural loss, revealed during the ...