Accouting entries for the goods value calculated as nil
Querist : Anonymous
and their accounting adjustments..
Querist : Anonymous
if i recorded all the goods as units in tally ....
such as(Tv a/c dr...80 units 5000 p.u 400000
to creditor a/c 400000)
n now it's value is nil.
so how can i do that whatever u wrote as answer.
But as you said that you are discarding all goods at nil value,then it should be a revenue loss to be written off in p&l and accordingly your inventory value will be decreased.Lets wait for other experts opinion on the same
Querist : Anonymous
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