Journal entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2011
Hi
It is newly formed company.
Purchases 10 units of computer for 100,000 and sold 9 units for 112,500.
What is the entry for closing stock.
Thanks
It is newly formed company.
Purchases 10 units of computer for 100,000 and sold 9 units for 112,500.
What is the entry for closing stock.
Thanks
28 December 2011
Which software are you using for maintaining books of accounts?
If you are using Tally, then enable accounts with inventory.
Booking purchases and sales will automatically result in closing stock of one unit.
If you are using Tally, then enable accounts with inventory.
Booking purchases and sales will automatically result in closing stock of one unit.
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