Stock in transit treatment
Pranjal (Student CA IPC / IPCC) (531 Points)
21 February 2015Pranjal (Student CA IPC / IPCC) (531 Points)
21 February 2015
Rohit Aggarwal
(ACA Bcom (H) MBA MCom)
(470 Points)
Replied 21 February 2015
You can make use of Stock Transfer journals. Firstly you can create different stock groups one of them will be stock in transit for each of your car model. They will come under the main class of that model. Then you can pass the purchase entry with transferring to Stock in transit of that respective model. Then on receipt of that model you can transfer it using stock journal from "Stock in transit" to "Finished goods".
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India