How to written off the dead stock from Tally?
Sumit B Choksi
(CA Final)
(422 Points)
Replied 14 July 2011
I am not sure but if i remember correctly, i had seen in one case that dead stock was transferred to an another account....
Evaluate your situation and see if you can transfer it to some other head for e.g. in closing stock etc..
Raj Kumar
(Student)
(102 Points)
Replied 21 July 2011
Normal loss a/c Dr.
to Stock
(On charging the losses)
Clear if I am wrong.....
Thanxx...
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961