if customer order a specific goods like (optical glasses, advertising banner ,hoarding ) and after completion of manufacturing of good he doesn't buy it so what are the accounting treatment for it ??
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Loss on sale of inventories
Replies (2)
All the products will remain in Stock , sale it to some other customer , If it becomes useless then sale it as Scrap .
pass entry in the books
Trader Debtors A/c Dr
To Scrap Sale A/c Cr
To CGST A/c Cr
To SGST A/c Cr
( Scrap sale )
This output gst gets adjusted input gst.
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