9.40 Stock Write Off accounted for Output Tax
1. You still need to post the double entry via Journal Entry. Refer to 1.06 How to Enter Stock Loss/Stock Write-off?
DR Stock Loss 100.00
CR Purchase 100.00
Note: Please indicate the Gift/Deemed Supply doc no for cross reference.
2. To account for output tax on the stock write off, enter via GST | Gift / Deemed Supply...
3. Tax code (DS) and Expenses GL Account (GST Unclaimable).
DR GST Unclaimable 6.00
CR GST Payable 6.00