Loss by Fire
This query is : Resolved
05 March 2020
Dear Sir
Goods damage due to fire. i have made the below entry in books ( tally)
Loss by Fire 16230/-
Purchase a/c 14440/- Cr.
IGST Input 1790/- Cr.
Please advise it is right method or wrong also please suggest how to reduce stock item wise in tally
Dear Sir
Goods damage due to fire. i have made the below entry in books ( tally)
Loss by Fire 16230/-
Purchase a/c 14440/- Cr.
IGST Input 1790/- Cr.
Please advise it is right method or wrong also please suggest how to reduce stock item wise in tally
08 March 2020
Yes. The Quantity which has been destroyed in fire has to be entered while passing the JV. This will be done when you have selected "with Inventory" option in Tally.
14 March 2020
Sir,
Please suggest as per above entry GP Shows negative value how to increase Gross profit
Please suggest as per above entry GP Shows negative value how to increase Gross profit
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