Inventory - urgent query please help
This query is : Resolved
21 September 2017
Dear Sir/Madam
In an accounting system, Damaged goods/ promo goods/ personal use( Company ) goods are shown as separate accounts.
An automated entry in the system is coming as follows :
Damaged / Promo/Personal Use Goods A/c Dr 100
To Inventory Account A/c Cr 100
Due to this, in Cost of sales there is difference of the 100.
Can you guys please explain , how to treat damaged goods/promo goods ?
Any further clarification , please comment
In an accounting system, Damaged goods/ promo goods/ personal use( Company ) goods are shown as separate accounts.
An automated entry in the system is coming as follows :
Damaged / Promo/Personal Use Goods A/c Dr 100
To Inventory Account A/c Cr 100
Due to this, in Cost of sales there is difference of the 100.
Can you guys please explain , how to treat damaged goods/promo goods ?
Any further clarification , please comment
25 September 2017
What type of Experts you guys are ??? If you don't understand the question... then tell I can explain in detailed way. I was expecting answer.
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