Inventory Adjustment A/c and Direct Cost App. A/c

vishal15tirupati

Dear Sir

In chart Of Account, Inventory Adjustment A/c represent double entry
for completing opening Stock .

And Direct Cost Applied A/c represent double entry
for completing Closing Stock .

Now I want to Confirm You that No need for Opening Seperate
G/L Account regarding Opening and Closing stock.

Please Suggest Me as soon as Possible

Thanks and regards
Vishal Gupta

ndn

In Navision, Inventory is an integral part and hence you dont have the concept of Opening Stock and Closing stock, as followed in manual accounting system.

Its not very clear what you are asking, however i assume that you want to bring the Opening inventory and your question is related to that.

You can bring the same by making Positive adjustments through Item journals. Accounting Entry for which will be
Inventory Account - Debit
Inventory Adjustment Account - Credit

As far as the other inventory postings (debits & Credits) are concerned please go through the study material for Inventory Management.