Login to browse the rest of Flexiguru.

Continue With Google

or

Related Questions

    Adjustment of stock differences observed in physical verification

    Whether any shortage or excess of stock is adjusted to consumption account? Also, say if there is excess/ shortage due to moisture gain, how the same is accounted in books of account?

    Asked By Rohit Gupta

    1 ANSWERS

    • yeah the excess or shortage is accounted in  the stock reconciliation account...and the other part of the question is "NORMAL LOSS"...so the quantity decreases but the value of the goods dnt decrease

    Ask your own question. Don't worry, it's completely free!