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Accounting entry of stock loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2016 Dear Experts,
In tally i am working in account only not in inventory... please tell me the accounting Entry of stock loss also let me know the group in which the said ledger will be open,

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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
13 April 2016 you have to do entry as
Stock Loss A/c Dr
To Purchase A/c
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2016 Stock loss a/c will be open in indirect Exp.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
13 April 2016 Yes sir in indirect exp as your business loss
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