The document discusses recording stock write downs in the accounting records. It provides an example where a business has 200 umbrellas in stock valued at $10 each but due to poor summer sales, the selling price is reduced to $8 each. This results in a stock write down of $3 per umbrella, for a total write down of $600. The summary shows the stock card and general journal entries to record the stock write down, with the stock write down expense account debited and the stock control asset account credited for the reduction in the value of inventory.