You can account for loss or damage of goods in excise journal voucher.
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .
2. Click J : Stat Adjustment button. The Stat Adjustment Details screen is displayed.
3. Select the Type of Duty/Tax as Excise .
4. Select the Tax Unit from the list.
Tax Unit option appears only when one or more user defined Tax Units are created by linking it to godown.
5. Select the Nature of Adjustment as Shortage/Damage/Loss of Excise Stock .
6. Debit the ledger grouped under Direct Expenses (the option Is Excise Applicable should be set to Not Applicable in the ledger master) and enter the amount.
7. Credit the purchase ledger to reverse the purchase cost.
8. Press Enter to view Inventory Allocations screen. In the Inventory Allocations screen, select the name of the item and press Enter to view the Supplier Details screen and provide the details.
To provide Supplier Details
1. Select the transaction against which the goods are lost or wasted.
2. Enter the quantity of item which is lost or destroyed in Quantity Utilised column as shown below:
Accept the Supplier Details screen.
9. Provide details in Stock Item Allocations screen and accept the screen. The item details are displayed in Inventory Allocations screen.
In the Stock Items Allocations screen:
● Select the Godown .
● Enter the Quantity of goods lost/wasted.
● Enter the Rate at which the goods was purchased. Amount will be calculated and displayed automatically.
10. Accept the journal voucher.
'Record Excise Journal Voucher (Excise for Dealer)' has been shared with
