What ledger account should we use when processing an Inventory Adjustment transaction? Thanks

Probably a better question for your accounting department. Most commonly an expense/write off account, but also seen it as a COGS account - no one here will be able to say with certainty what GL account you should be using though

I place it under Other Expense as "One-off - Inventory Adjustment". If you use it against COGS then your gross margin will be impacted and your month's P&L will lead to wrong interpretations

Thank you all