Sir,
We have a stock of cement worth Rs 500000.00 in 31.03.18.
I made an entry :- Stock of cement Dr. Rs 500000
To Purchase of Cement GST 28% Rs 500000.00
So please suggest what should be opening entry on 01.04.18 in GST regime.
Sir,
We have a stock of cement worth Rs 500000.00 in 31.03.18.
I made an entry :- Stock of cement Dr. Rs 500000
To Purchase of Cement GST 28% Rs 500000.00
So please suggest what should be opening entry on 01.04.18 in GST regime.
Are you maintain Your account manually or any Software?
@ RAJA PM SIR, I am using Tally erp 9
| Originally posted by : Sunil Kumar Mallia | ||
 |
@ RAJA PM SIR, I am using Tally erp 9 |  |
Then Why You prepare the Journal Entry at the time of Closing on 31/03/18...
On 31/03/2018 it's Your Closing Stock... It's also C/f to 01/04/2018 as Your Opening Stock...
No need any Journal Entry...
@ Raja Pm sir, Actually I am working in a construction company and inventory not maintained in tally . So as per stock statement received from construction site ,closing stock entry made manually.So please suggest.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
