Stock rejection
This query is : Resolved
25 August 2013
We are a Manufacturing company. How do I show the material that has been rejected and sent back to us and is totally useless. How it has to be written off in books (in P & L account).
25 August 2013
debit ti profit and loss account as "loss in value of stock,,provide reason/facts of transaction in narration
.
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In the same way reduce from stock
.
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In the same way reduce from stock
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