I have found out that our accounting staff has posted inventories
value directly to G/L without using item journal.
It means that the inventory stock on hand is empty, but the
values exists in G/L entries of inventories.
He posted the item qty of all inventories using item journal with
their values (unit cost, amount), and what happened afterwards are
the balance sheet total is changed and retained earning are increased
Could I correct the values of balance sheet total (liabilities/capital)
? has he done double posting ?
I’ve seen that the inventory values are not increased.
Any answers are appreciated. tku