Accounting entry related to stock

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Saheemdalvi (Querist)
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31 December 2013 How to Pass entry when inventory is used for business purpose?

CS,CA F,Numrologi TusharSampat (Expert)
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31 December 2013 Capital A/c ...dr
to Stock a/c

Being stock used for self consumption

Saheemdalvi (Querist)
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31 December 2013 Dear Sir,

Thanks for your reply, but the stock is used for business purpose not for personal use so how we can show in capital a/c.

CS,CA F,Numrologi TusharSampat (Expert)
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31 December 2013 then in such case there is no other a/c which you can utilise..is there any then tell me/

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