Inventory

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Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2013 how we show the closing stock in the books as on a particular date i mean what entery will be passed

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 March 2013 While you are maintaining books with inventory for closing stock no need to pass any entry, it is balance stock value will be considered

Incase you are maintaining only accounts, then take the stock value and debit closing stock and credit p&l a/c

Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2013 so what would be the entery

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 March 2013 if you are maintain the books with inventory, when you are passing the sales return entry with stock,then automatically stock will be adjusted. incase you are not maintained the books of accounts without stock,then need to adjust the closing stock manually