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What is Dead Stock? - Query From Student of Maharashtra

Question: What is dead stock? Because I have appeared in GDC & A an Examination of Maharashtra. I have found in trail Balance debit side dead stock Rs. 25000. Dead Stock means Bad Debts, if it not Bad debts, what is this explain, how is entry pass in Accounts which site?

Answer: No, dear, it is not bad debts, but dead stock means loss of stock due to changing of fashion or changing of technology and it will not sell in market. Dear if you want to show its effect in final account. Then first thing, you should know that This is abnormal loss and it will go to the debit side of profit and loss Account  and never deduct it from closing stock because, if closing stock is given then it means that is already deducted from closing stock. Study consignment accounting, many other examples, you can find of abnormal losses.

No, need to pass any adjustment entry because if it is shown in trial balance it means its journal entry is already passed.

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Accounting Education: What is Dead Stock? - Query From Student of Maharashtra
What is Dead Stock? - Query From Student of Maharashtra
Accounting Education
https://www.svtuition.org/2010/02/what-is-dead-stock-query-from-student.html
https://www.svtuition.org/
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https://www.svtuition.org/2010/02/what-is-dead-stock-query-from-student.html
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