Entry for obsolete inventory

IF THERE IS ANY REALISABLE VALUE OF STOCK THEN WRITE IT DOWN TO ITS REALISABLE VALUE OTHERWISE DONT INCLUDE SUCH STOCK WHILE TAKING CLOSING STOCK AS ON 31-3.THE LOSS WILL BE AUTOMATICALLY ADJUSTED IF U WILL NOT TAKE SUCH STOCK IN CLOSING STOCK.THUS THERE IS NO ENTRY THUS DONT INCLUDE IT IN CLOSING STOCK 

if there is no realisable value of the stock then  i suppose there shoulb be entry for it

Profit and loss a/c ..... dr

              To stock a/c (obsolete)

i also want to know about it.. pls experts have a look at this

Agree with CA BHUMIT SHAH

at the time of closing of Accounts Value the Stock at NRV as per AS 2 .

it will adjust the Loss Automaticallly

thank you sir for your valuable reply