Quantcast
Channel: SCN : All Content - All Communities
Viewing all articles
Browse latest Browse all 3363

Inventory Opening Balance Valuation Problem...

$
0
0

Hi,

 

I have made entries in Inventory Opening Balance for many Itemcodes with Qty and Price at date 01/04/2013.

 

All entries had total of  Rs.4,21,15,356

 

Now my client wants value of Opening Stock as Rs.3,80,00,000

 

Closing Balance of the Account "130000 - Raw Materials" as on date 01/04/2013 is Rs.4,21,15,356 which is correct as per our entries,

 

but now I have to change it to Rs.3,80,00,000.

 

I found one way to do manual Journal entry of the difference amount.

 

But, If I do it will it make any difference to Inventory Audit report???

 

Regards,

 

Amrut Sabnis


Viewing all articles
Browse latest Browse all 3363

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>