Inventory - Sad Accountant

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Inventory

Periodic Inventory System – a Simple Example with Journal Entries

This blog walks you through how the periodic inventory system works, using simple examples and journal entries to help you understand the concept and apply it to real-life scenarios.

April 21, 2025

Inventory

Inventory Sold on Credit/Account – a Journal Entry Guide

A journal entry guide to Inventory Sold on Credit, or inventory sold on Account with step by step examples.

October 27, 2024

Inventory

Inventory Write-Up: Is It Allowed? What’s the Journal Entry?

Let’s explore the concept of inventory write-up in accounting, discussing the rules under US GAAP and IFRS with a journal entry example.

January 28, 2024