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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2015 I am maintaining my business account stock wise purchase & sales of agriculture items which are also damaged or loss while packing and transporting. so how we booked loss of that items in our books and by which entry. I am using tally so tell me how to book loss and reduce by stock items too.

thanks all experts

18 September 2015 Create accounts viz loss on damages, loss at the time of packing, loss in transit etc.
debit loss in transit etc.
credit stock item

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2015 in which tally voucher i have to do entry and kindly clarify the ledger group also.

thanks

19 September 2015 Loss on damages : Indirect Expenses

Loss on packing : Indirect Expenses

Loss in Transit : Indirect Expenses

You can use F7


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