Temp Projects

Rijas P wrote:

Dear Suhail,

While taking Stock valuation as on 31-03-23. Item#EU16482 [Inactive] the Cost Showing is wrong 1,130.961 but the total Cost is Zero. But we checked this item in Product Asset a/c and closing balance showing is 1,130.961.

I think there are other items as well. Kindly check and advise bcz while comparing Stock valuation & Product asset as on 31-03-23 there is value difference.

Rijas,

The issue is due to the initial cost being set as wrong for the item
The item cost is corrected and set properly in a stock take transaction done on 31-Mar-2016
If we were to correct the posting of the transactions before that it will affect the audited financials.
Let me know how you want to proceed.