Please Help: Accounting
Posted Date : 13-Apr-2012 , 04:52:51 pm | Posted By Vandana Kaushik
Accounting Entry of Stock of Medicine expired as well as vat credit taken on those goods. so Basically Medicine expired and destroyed and reversal of input credit Entry
Category : Accounts | Answers : 1 | Comments : 2 | Hits : 300
Answers
Answer By: Rishabh Upadhyay
charge both "loss of stock" and "vat" to P&L Account
Comments
Vandana Kaushik
18-Apr-2012 , 11:55:28 amKindly tell me proper Accounting entry
RAKESH KUMAR
05-May-2012 , 02:42:28 pm1.LOSS OF STOCK DR TO PURCHASE A/C 2.LOSS OF STOCK DR TO INPUT VAT