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What is The Slow Moving Provision for Inventory Items?

Accounting Costing Inventory Control Inventory Management
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Question added by Mohammad Zaid abu odeh , Senior Accountant , Mega Food Industries And Products Exports L.L.C
Date Posted: 2016/05/05
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Rachel Ann Saul
by Rachel Ann Saul , EXTERNAL AUDITOR/ACCOUNT CONSULTANT , Sun Management Consultant | International Chartered Accountant (Member of Reanda International)

Allowance for Slow Moving Inventory.  This approach was used based on Conservatism Principle wherein we recognized an uncertain event but reasonably probable.

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