Adjust stock manually by allowing a Journal entry at the end of accounting period manually
Example
Adjusting Year End Stock On Hand Valuation
Account Description Debit Credit
1 - Opening Stock Transferring Opening Stock ₹ 3000
3 - Stock On Hand Reversing Opening Stock ₹ 3000
3 - Stock On Hand Taking Up Closing Stock ₹ 3200
4 - Less Closing Stock Transferring Closing Stock ₹3200
Total debits ₹ 6200.00
Total credits ₹ 6200.00
Setting For Chart Of Accounts
Income Head :
Less: Cost Of Sales
Opening Stock
Plus Purchases
Freight In Purchase
Less Closing Stock
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Nitin
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