banner_ad

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

Others 735 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  

Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

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

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details