Accounts

When it is a cash basis system of accounting , then there is no need to pass any entry.

You will not be pass any entry of this condition.

no even sale to debtors

nidhi i think u r confused, if u r keeping ur records on cash basis it means u record sales when payment is received and not on delivery of goods.  now there is no need of any adustment entry to be passed on 31st of march. bcoz u have not recorded any such sale. instead u would have prepared a mamoranda of such sales. one more thing i want to say that u have to include the Cost of such stock/material in the value of Closing inventory as stock lying with customer.

NB: Cash System is not allowed to a manufacturing/trading concern

Regards,

CA Naveen Kumar Agrawal