banner_ad

WIP/Changes in Inventory accounting treatment and finalization of closing stocks

Others 736 views 2 replies
Dear Experts,
what will be the accounting entries /treatments for WIP stocks (Changes in Inventory) in books of accounts (Balance Sheet) at the end of month or year ?
How to make this entry in Tally or any accounting system to establish this amount in BS ?
Then, How to finalize the closing stocks including changes in inventory and how to put into the Balance Sheet thro accounting entries ?

please guide.

Regards
Pradeep
Replies (2)

For accounting info Google CWIP

In tally, book purchases and raw material is stored.

Then use manufacturing vouchers

Then update inventory closing stocks

Check inventory info reports. 

Nothing specific about knowing wip analysis as far as I can remember 

balance sheet me closing chadane par WIP ko openiing and closing kaise show kraye

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details