Dear Sir/Madam In an accounting system, Damaged goods/ promo goods/ personal use( Company ) goods are shown as separate accounts. An automated entry in the system is coming as follows : Damaged / Promo/Personal Use Goods A/c Dr 100 To Inventory Account A/c Cr 100 Due to this, in Cost of sales there is difference of the 100. Can you guys please explain , how to treat damaged goods/promo goods ?
Read more at: https://www.caclubindia.com/experts/experts_display_list_unresolved.asp?mode=open
Inventory issue - please urgent
ROCK 1 (B.com Completed PCC Cum Articles) (44 Points)
21 September 2017
CAclubindia
