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Regarding difference in physical stock and book stock
how to rectify Stock difference if stock showing difference between physical stock and book stock By using tally software?
in case have to adjust stock or tallying with books of account or with physical stock how to pass journal entry?
Replies (2)
dear mahesh sir..,
You can pass entry in tally like this
if stock as per books is more than physical stock..
Abnormal loss a/c .....Dr
To Closing stock.......Cr
(being as per physical stock verification, actual stock brought into books)
or reverse the entry in reverse case.
In tally, there is a specific provision to enter stock differences using Physical Stock Voucher.
Gateway of Tally > Inventory vouchers > Physical stock
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