How to pass entry for loss of stock in tally ?

Page no : 2

SHACHI SHAH (CA) (59 Points)
Replied 13 July 2016

I also have same query and wen I applied same entry in tally the stock does not decrease by it increases...my client is trader of raw cashew and he has to show loss of stock due to moisture. How it can be done?

SHACHI SHAH (CA) (59 Points)
Replied 13 July 2016

Jishnu Surendran (Finance Manager) (312 Points)
Replied 19 July 2016

Hard question but simple answer....

In tally create a ledger account by the name 'Loss of stock' or as you prefer and generate a journal entry such as:

Loss of stock account dr.

To Purchases

First allow 'inventory details' in journal voucher by tapping F12.

Jishnu Surendran (Finance Manager) (312 Points)
Replied 23 January 2017

The stock never increases, what is the procedure that you followed ?

Dinesh Kumar Singh (sr. Accountant) (24 Points)
Replied 27 April 2017

HOW TO IDS ENTRY IN TALLY

Surinder (Assistant) (341 Points)
Replied 05 March 2020

Dear Sir,

My also have same query. i have made entry but stock has not reduces even gross profit also showing nagtive value

Please suggest

shahyar husain (1235 Points)
Replied 10 November 2020

1.Select the p urchase bill against which the goods are lost or wasted. 2.Enter the quantity of item which is lost or destroyed in Quantity Utilised column. 3.Press Enter to save.

Neethi V. Kannanth (.) (19015 Points)
Replied 18 January 2021

Originally posted by : shahyar husain
	1.Select the p urchase bill against which the goods are lost or wasted. 2.Enter the quantity of item which is lost or destroyed in Quantity Utilised column. 3.Press Enter to save.