Inventory

This query is : Resolved 

21 August 2013 what entry to be passed for goods used for office purpose and not sold

21 August 2013 treat as expenses

21 August 2013 please answer me..


21 August 2013 if i enter so, would it effect inventory? i want inventory to be effected

21 August 2013 yes

21 August 2013 will you please guide me regarding entris? so thst i can takeup the right path

21 August 2013 plz provide the details

21 August 2013 i have got 3 boxes vch were used for experiments at office and not been sold..


21 August 2013 If it was used for research then
Reserach and dev exp a/c
To Stock( from Inventory held for sale if they were RM or FG etc.)

21 August 2013 agree with mr. tushar

22 August 2013 thank you sir...

22 August 2013 agree with Tushar


22 August 2013 Inventory used for the purpose of Self consumption required to be Capitalized/Treat as R&D Expenses.

Please note Further if Cenvat & VAT credit has been already taken on these inventories, Then it required be reversed



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