Consumption Exps booking in tally

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Nitin (Querist)
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15 October 2009 Dear All,

It will be highly appreciable if somebody makes me available this information to me.

I want to book consumption exps in tally by affecting inventory.Now debiting consumtion exps...is okay...crediting to which account ?if item is opened as a ledger for creditiing that item ledger then it will show minus figures...to set off this have to pass other entry from inventory ....is there any other way to book this entry ?

CA Anisha Ray

CA Anisha Ray (Expert)
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16 October 2009 Dear Nitin,

'BY affecting Inventory'- I am taking its meaning as U want to reduce it from ur inventory and book it as a cost.

The entry to be passed will be

Consumption A/c .....Dr.

To Inventory A/c

So Ur costs will be booked and also ur inventory reduces by that amount.