Entry of this statement

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3 Points Posted on 12 November 2021

Dear, 

sir/madam

I have probleme could you please solve me..

Question: If I have 1000 stock only my business. And bill is 1015. Then the 15stock what we do. How consider this statement.

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On 12 November 2021 at 13:15 Report
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Quick Summary
This discussion addresses a common inventory problem where a sales bill (1015 items) exceeds the available stock (1000 items). The proposed solution is to debit the purchase account for the 15 extra stock items and record them as sales. Another user agrees with this accounting treatment.

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Master in Accounts & high court Advocate
9620 Points Posted on 12 November 2021

purchase account debit with 15 stocks and show as sales as 1015

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On 12 November 2021 at 15:23
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Chartered Accountant
24588 Points Posted on 12 November 2021
Agree with above comment
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On 12 November 2021 at 21:30

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