Accounting Treatment

When you buy the bottles you can pass the following entry Packing Material A/c Dr. Bank A/c Cr.  At the end of the year, whatever amount becomes due for writting off, you can pass this entry Packaging A/c Dr. Packing Material A/c Cr.  The packaging account will be shown in the P & L A/c while the balance left in the Packing Material A/c will be shown in Balance Sheet under the Current Assets.

Thank you very much sir

u have enlighten me as i was not able to solve this problem

thanks for the solution your experience really helping us.

thanks a lot jag sir.

thanks jalpesh for bringing my problem to jag sir