Inventory
This query is : Resolved
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
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
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
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
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