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Friday, May 10, 2013

VALUATION OF STOCK TO INCLUDE DIRECT EXPENSES

Press F11, Go to Company Features > 

Select Inventory Features

 > Activate to Yes for Track Additional cost of Purchase under Purchase Management 

Accept to Yes > Pass the purchase entry in Voucher Mode instead of Invoice Mode 

> Credit Cash/Creditor 

> Debit Purchase Ledger

 > Select VAT/Tax Class > Select Item and Enter quantity and amount 

> After you enter amount and press enter, one additional screen will pop up for additional cost details for that item. 

> In type of cost, select the expense ledger and enter the amount 

> Then debit the tax class and accept the voucher Now check the value of the stock, it will include the value of the expense. 

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