Dear all,
There is a little bit confusion in my mind regarding closing stock value which I want to discuss with u to clear it.
lets take example:
I am dealer of Authorized computer seller &I have purchased 4 computer @ Rs 50000/- each Value becomes Rs 2 lac. as my closing stock value.
After few days due to some reason I insist my supplier to give these computers @ Rs48000/- each and they agreed for that.
Now I issued a debit note of Rate difference of Rs 2000/- for 4 computers Value 8000/-.
After issuing debit note in my Tally software I have seen that My supplier has been debited to Rs 8000/-. But my closing stock value still shown that Rs 200000/-.
so I just want to know How it will get reduced.....?
kindly give me suggestion.
1. In rate difference ledger, set ‘inventory values are affected’ to yes.
2. Pass the entry in voucher mode.
3. While crediting the difference ledger, in inventory allocation pop-up, select the item, don’t enter the quantity and straight away enter 8000/- in amount and save the voucher.
4. Now in stock summary, you will see 4 pcs. @ 48000/-
You can see the result in attached image file.
CAclubindia
