Please Help: Journal entry
Posted Date : 03-Oct-2015 , 09:51:54 pm | Posted By Akash
i wanna ask only entry of provision for reduction in value of inventories and impact on P&L?
Category : Accounts | Answers : 0 | Comments : 2 | Hits : 344
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ATIT D. SHAH
16-Oct-2015 , 11:18:16 pmit depends on reason for reduction, please tell the reason
FAIRFOX ITINFRA PRIVATE LIMITED
29-Jun-2016 , 02:25:50 pmin relation to providing for provision for reduction in value of inventory, you may pass entry: Provision for inventory obsolence Dr. (P & L A/c) To Provision for inventory (Balance sheet item)