Where do you enter stock demages in tally?

· Go to Gateway of Tally > Inventory Info > Godowns > Create > Scrap under primary and save this.

 

· Pass a Stock Journal by selecting the Godown as scrap and select the item name and specify the quantity just specify in source no need to specify in destination and then save this

 

· Gateway of Tally > Stock Summary and press F9 and opt for Godown summary you will get the details of damages.

If it is within the limits of the standards can be directly show in usage of raw materials. Above the limits show it in other operating expenses. If you know the person directly responsible for damage  you could also charged him for this.

Thanks for invitation,

Agree with colleagues' answers.

In our company These damaged inventory are kept with some identity in stockyard and declared sa scrap.We inform our customers BT outing in notice boards.The come with price for these items.We wait till we get reasonable price.On getting we will seaal and realise them.Then on realisation we book in scrap sales.The diff value if any will taken to p an l account as loss on sale of current assets.This is the full history of damaged inventory.Thanks for inviting

In a manufacturing set up damaged goods never forms part of Finished stock. Inventory consists of Finished stock, Work In Progress & Raw Material. Thus Journal entry depends on the nature of damage, is it damage out of finished stock, WIP, Raw Material or normal damage in the process? If damange from finished stock (if you want to maintain a separate stock for damaged goods for afterwards sale and recovery): Damaged Goods A/c ----------------------Dr. To, Finished stock A/c accordingly for WIP & RM and if it is a normal loss no need of separate entry but cost of such damaged goods will be apportioned over finished stock.

 

Will go to Income statement, as an unusual gain and losses, Or as an Extraordinary loss according to the reason of damage.

Go to tally inventory vouchers, select stock journal voucher and pass the entry to record the damages. After passing this entry your stock balance reduces with the quantity of this entry.