Cleaning Loss Entry in Tally
This query is : Resolved
16 March 2009
Hi all,
i have one query regarding stock
i am using tally 9
suppose purchase is 100 mt @ 1250 Rs/Mt total amount is Rs.125000.
i am giving this 100 mt for cleaning process, after cleaning process i am getting 90 mt as finish goods.
can any body tell me what would be finish goods value and what would be cleaning loss amount.
please also tell me which entry to pass in tally and how.
thanks in advance for your co-operation.
hemant
i have one query regarding stock
i am using tally 9
suppose purchase is 100 mt @ 1250 Rs/Mt total amount is Rs.125000.
i am giving this 100 mt for cleaning process, after cleaning process i am getting 90 mt as finish goods.
can any body tell me what would be finish goods value and what would be cleaning loss amount.
please also tell me which entry to pass in tally and how.
thanks in advance for your co-operation.
hemant
Manmohan ACA, CS
(Expert)
16 March 2009
finish stock value will be 1388.88888, it is a normal loss so we have to inflate finish stock value.
pass entry
cleaned goods (or what ever you say to finish stock) A/c DR. 125000
To raw material (the name you have debited at the time of purchase) 125000
pass entry
cleaned goods (or what ever you say to finish stock) A/c DR. 125000
To raw material (the name you have debited at the time of purchase) 125000
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