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Loss of raw material

This query is : Resolved 

dear sir/ma'am,
I am engage in business of cleaning of agro products. Raw Agro product contains dust,stone,husk etc.. so i am getting sorts(loss) of raw material due to cleaning of agro product. how to show that loss in stock statement and what will be effect on accounting book?

Treat it as normal process loss in the stock statement. No need for any entry in the books of accounts.

You have to Show it as normal loss and raise a stock journal with loss in quantities only.

Yes..it is a normal loss in the course of running of business so stock needs to be reduced accordingly.

thanks all of u for clearing my doubt.

Welcome..... My Pleasure....



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