If damaged and obsolete goods cannot be sold, they are not included in inventory.

Name: If damaged and obsolete goods cannot be sold, they are not included in inventory.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Damaged and obsolete goods cannot be sold, therefore they cannot be considered as part of the inventory. Including them in the inventory would result in inaccuracies and misrepresentations of the actual value of the inventory. Therefore, it is common practice to exclude damaged and obsolete goods from inventory.

If Damaged and Obsolete Goods Cannot Be Sold, They Are