Please Help: Journal entry
Posted Date : 03-Oct-2015 , 09:51:54 pm | Posted By: Akash
Category :
Accounts | Answers :
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i wanna ask only entry of provision for reduction in value of inventories and impact on P&L? |
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| Posted By : FAIRFOX ITINFRA PRIVATE LIMITED |
29-Jun-2016, 02:25:50 |
| in 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) |
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| Posted By : ATIT D. SHAH |
16-Oct-2015, 11:18:16 |
| it depends on reason for reduction, please tell the reason |
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