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It will Depend Nature Of Company & Company Low. If There is Any Damages We Need to Move to Stock Dames Account & Then it will Effect to the Final stock. Then it will Effect to the Final Account.
It will depend on the nature of the company, production or retail. For both, it is advisable to write-off inventory with adjustment to cost element depending on the nature of company. If production, it can be charged to cost of goods sold, while on retail industry, it will be charged to inventory loss expense.