Closing stock

Hi,

Are you maintaining accounts manually or using computer?  if  maintaning accounts on computer which software are you using for this purpose ?

Pls specify.

Regards

-Uday

Using SAP....the solution which we had provided to the client is

Closing stock a/c Dr

Purchase a/c Cr

They are not ready for this entry.

SInce the company is only a dealer or trader, the Inventory Module in SAP cannot be used. So , amanual entry has to be passed

how to pass the manual entry....which accounts to be used???

For learning about transactions you have to go to the site www.freesaptutorials.com  details are available this website.

by the way your client using SAP sytem (Software) but entries are not paased in SAP is just surprising.

I think your client wants the entries for stock physically available, if so suggested entries are:

For excess stock;

Relevant stock item Dr.

Sundry purchases/stock adjustment a/c Cr.

For shortage:

Reverse entries to be passed.

Hope it will beneficial to you.

-Uday

Please don't suggest stupid type entries to your client as u written down-

[Closing stock a/c Dr

Purchase a/c Cr]

Before any suggestion you should ask first to seniors because it will affect your personality and image.

-uday

Originally posted by : CA Uday Bhan
	Please don't suggest stupid type entries to your client as u written down- [Closing stock a/c Dr Purchase a/c Cr] Before any suggestion you should ask first to seniors because it will affect your personality and image. -uday

 Please check the following :-

» Debit : Closing Stock a/c

» Credit :

Dear,

You are trying to tell Fundamentals of Accounting that all true.

As for as language concerns stupid word was used for entry not for you.

Yes for creating closing stock GL and transfer entries in this GL is right way to go on website as suggested earlier.