Hello! I’m running a retail store and sometimes receive damaged stock from my supplier. I book this by making a Purchase Receipt and filling up the accepted and rejected fields. I also selected a warehouse for the rejected stock as this was required.
Now i would like to know how this rejected stock should be interpreted in the accounting side (chart of accounts), since now it is booked in a warehouse together with my other warehouses under stock assets? What is the proper implementation and checking of this?