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Former Member
Jun 29, 2009 at 08:01 AM

Procedure for obsolate items.

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Hi Gurus,

Pls look into the following issue.

we have a store item worth Rs. 500. Now the material has got

obsolete due to change in technology or any other reason, now we have to

valuate this material at Rs. 50 in our books and difference is booked as

expense.

Is there any movement type for this.