Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Inventory

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2013 how we show the closing stock in the books as on a particular date i mean what entery will be passed

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

21 March 2013 While you are maintaining books with inventory for closing stock no need to pass any entry, it is balance stock value will be considered

Incase you are maintaining only accounts, then take the stock value and debit closing stock and credit p&l a/c

Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2013 so what would be the entery

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

23 March 2013 if you are maintain the books with inventory, when you are passing the sales return entry with stock,then automatically stock will be adjusted. incase you are not maintained the books of accounts without stock,then need to adjust the closing stock manually

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now