17 February 2009
I am working in paper manufacturing co.
please solve my probles :-
amount 50000/- finished goods rejected due to rain.
what will be financial entry of 50000/-
Above material is not return from debtors,its lossed in co.store & its already taken in excis record, its loss so i have to reversed excise duty.so please pass journal entry.
CAclubindia
