Inventory
This query is : Resolved
08 December 2013
Dear,
If i lost 50k of inventory, how will i bring it in my account books. I need a clear cut answer which will balance the balance sheet
If i lost 50k of inventory, how will i bring it in my account books. I need a clear cut answer which will balance the balance sheet
08 December 2013
You can pass the following entry
Dr: Loss of stock
Cr: Stock a/c
In p&l it will be the loss & balance sheet it will reduce your closing stock value
Dr: Loss of stock
Cr: Stock a/c
In p&l it will be the loss & balance sheet it will reduce your closing stock value
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