Shortage of Stock entry in tally
This query is : Resolved
09 October 2019
Dear Sir,
We are Pvt Ltd Company and our company main business is Investment.
In April-19 our company started a Shirt Selling business through the our website & online platform. No one had counted when the material came to our office.
Now we have taken stock and 11 items are less. Does a debit note/credit note need to be issued?
Now, how to pass the shortage material entry in tally. effect want in P&L A/c & stock a/c. The stock want to reduce.
Please suggest the same.
We are Pvt Ltd Company and our company main business is Investment.
In April-19 our company started a Shirt Selling business through the our website & online platform. No one had counted when the material came to our office.
Now we have taken stock and 11 items are less. Does a debit note/credit note need to be issued?
Now, how to pass the shortage material entry in tally. effect want in P&L A/c & stock a/c. The stock want to reduce.
Please suggest the same.
09 October 2019
Debit - Consumption ( In the same ledger where cost of sales is booked)
Credit - Stock
Credit - Stock
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