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.
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