Inventory must be included or not in year end process entry?

rinki123

Hi Experts,


When we are posting Year End entry that process exclude inventory value(because inventory value is covered under balance sheet option in COA).Now My question is,without adding inventory value, can system show or post correct value(after running year End process) in Profit & Loss Account?

rajatkalia

Hi,

The corresponding effect of Inventory is available in P/L in Direct Cost Applied and COGS accounts.


Regards,
Rajat Kalia.

rinki123

rajatkalia wrote:

Hi,

The corresponding effect of Inventory is available in P/L in Direct Cost Applied and COGS accounts.


Regards,
Rajat Kalia.

Thanks