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Former Member
Jul 07, 2009 at 04:38 PM

regarding change in stock account

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Hi,

At the time of Production receipt, we will debit the FG Inventory and credit the Change in Stock A/C and at the time of delivering the Finished goods to the Customer we will debit to Change in Stock and Credit to FG Inventory A/C ( Simply reverse the entry).

Here I want to know what is Change in stock account and when is the Cost of goods sold A/C effected.

Thanks

Shah

Edited by: hsakhan on Jul 7, 2009 6:39 PM