abhishek (CA FINAL) 04 May 2014
We have to finalise accounts of a client and to do so we need value of closing stock.we wish to enter the value of closing stock manually.To do so we have selected No for integrate inventory with accounts in features by F11.BUT problem is everytime we are putting the value in closing stock .it is not reflecting the value in profit and loss and when we are putting value in opening stock.The same values are appearing in opening stock and closing stock! :(
can any one help me to put those closing stock value in profit and loss account such that only closing stock value is reflected.
thank you in advance
Rama chary Rachakonda (Master in Accounts & Lawyer email ID:email@example.com voice no:9989324294) 04 May 2014
closing stock always calculated as per cost. So you have to follow that.and follow Mr.Manish suggestion.
JITENDRA SHARMA (accountant) 04 May 2014