In Tally.ERP 9, you can record dealer excise adjustment transactions to account for loss, shortage, damage, wastage, or theft of excise stock items using a journal voucher.
To pass adjustment transactions
1. Go to Gateway of Tally > Accounting vouchers > F7: Journal > Alt+J: Stat Adjustment.
2. Select Shortage/Damage/Loss of Excise Stock as the Nature of Adjustment, as shown below.
3. Debit Loss of Stock ledger (create under direct/indirect expenses).
4. In Debit Amount field enter Rs.5000 (50 stock *100 rate).
5. Credit Purchase ledger (selected while accounting the purchase of stock items which are lost).
6. Select the stock item, e.g. bottles, in the Item allocation screen.
7. Select the bill from the list in the Supplier Details screen.
8. Enter the quantity utilised.
9. Enter the quantity rate and amount.
10. Press Ctrl+A to accept and save the transaction.
