Valuation of inventory

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rp (Querist)
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13 September 2015 dear sir
i am a mobile company distributor.i have a 250 pieces of particular mobile in my inventory at cost of 5000/piece and mobile market price goes down to 4500/piece so Mobile give me a compensation of rs 500/piece and i got debit note of rs (250*500)12500.so my question is how reduce inventory value in by books in tally and accounting of compensation receive from company .

Vishnu Saboo

Vishnu Saboo (Expert)
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15 September 2015 Revaluation of Stock a/c Dr
to Stock

Vendor A/c Dr
To Purchases cost

rp (Querist)
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16 September 2015 Vishnu Saboo sir
In ur entry how can reflect in tally .how can reduce closing stock value because their is no any kind of closing stock in tally.

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