Cleaning Loss Entry in Tally

This query is : Resolved

hemant (Querist)
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16 March 2009 Hi all,

i have one query regarding stock
i am using tally 9

suppose purchase is 100 mt @ 1250 Rs/Mt total amount is Rs.125000.

i am giving this 100 mt for cleaning process, after cleaning process i am getting 90 mt as finish goods.

can any body tell me what would be finish goods value and what would be cleaning loss amount.

please also tell me which entry to pass in tally and how.

thanks in advance for your co-operation.
hemant

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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16 March 2009 finish stock value will be 1388.88888, it is a normal loss so we have to inflate finish stock value.

pass entry

cleaned goods (or what ever you say to finish stock) A/c DR. 125000
To raw material (the name you have debited at the time of purchase) 125000