Consumption Exps booking in tally
This query is : Resolved
15 October 2009
Dear All,
It will be highly appreciable if somebody makes me available this information to me.
I want to book consumption exps in tally by affecting inventory.Now debiting consumtion exps...is okay...crediting to which account ?if item is opened as a ledger for creditiing that item ledger then it will show minus figures...to set off this have to pass other entry from inventory ....is there any other way to book this entry ?
It will be highly appreciable if somebody makes me available this information to me.
I want to book consumption exps in tally by affecting inventory.Now debiting consumtion exps...is okay...crediting to which account ?if item is opened as a ledger for creditiing that item ledger then it will show minus figures...to set off this have to pass other entry from inventory ....is there any other way to book this entry ?
16 October 2009
Dear Nitin,
'BY affecting Inventory'- I am taking its meaning as U want to reduce it from ur inventory and book it as a cost.
The entry to be passed will be
Consumption A/c .....Dr.
To Inventory A/c
So Ur costs will be booked and also ur inventory reduces by that amount.
'BY affecting Inventory'- I am taking its meaning as U want to reduce it from ur inventory and book it as a cost.
The entry to be passed will be
Consumption A/c .....Dr.
To Inventory A/c
So Ur costs will be booked and also ur inventory reduces by that amount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
