Sales entry for Cement trading

Sir.

I purcahses Cement of  rs 150000 @ 300 per bag  including transport but company says to sell at 250 for which I get credit note of 30 rs and 20 rs is retained by company and increase my credit limit but in tally if I sales at 250 after a purchase at 300 and getting credit note of 30  tally show loss so the retained amount entry in which head should be done as it's not a loss to me because my amount is with company

Replies (1)

I think the software is designed to recognise loss during stock valuation. You need customised software because NRV is lower and 50 is inventory loss. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
14 November 2026
Manager - Indirect Tax (GST)

Westbridge Consulting LLP

New Delhi

CA

View Details