Hello Experts,
There is a scenario like, We have already uploaded the inventory Opening balance in SBO with the item cost. Now after the closing of books the client needs to change the value of the cost as the landed cost was not applied earlier.
Now to make the changes, what will be the suitable thing or process to follow to achieve proper value of the stock.
I would also like to know, if I am using Inventory Revaluation, then what effect it will show on my Balance sheet and P&L?
let me know if you need more information.
regards,
Ravi.