What Does IAV Stand For?
IAV stands for Inventory Adjustment Voucher
The Inventory Adjustment Voucher (IAV) is a financial documentation tool used to record and authorize adjustments to inventory levels. It serves as a formal record of discrepancies, whether due to losses, damages, or re-evaluations, ensuring accurate tracking and management of inventory assets. The IAV facilitates accountability and transparency in inventory management processes, and is a crucial element in maintaining accurate financial statements and operational efficiency.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym