banner_ad

Physical Stock Discrepancy Value Accounting

331 views 1 replies
Dear Friends,
We taken Physical stock verification and found about 3 Lakhs stock in Lower side comparing with book stock. In this case, how do we account the same?..

Stock Dr
To Stores A/c

or

PHYSICAL stock Discrepancy Dr
To P & L A/c
Replies (1)

If it is recorded properly in the inventory books, then reconcile it. Stock to stores is a good journal entry in branch accounting when goods are transferred from h.o to stores. If this is not a branch, no need to do any5ing because your book balance is correct and your ending valuation calculation is wrong. Update it accordingly because ppl use different heads to account.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details