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Which account need to give stock valuation field in product category creation?

By
samba
on 8/1/14, 6:51 AM 710 views

In product category creation form one field is there "Stock Valuation Account". what account i have to give to this field. I don't have that much knowledge on accounting. In my point of view, i want to give "opening stock" account. Please correct me if i am wrong. 

4

Janeesh

--Janeesh--
1649
| 4 3 4
Cochin, India
--Janeesh--

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Janeesh
On 8/12/14, 6:33 AM

Hi,

Stock Valuation account is the Inventory Account. This account will be used for accounting entries for Incoming Shipments and Internal Moves. If you need a detailed view on accounting, you can go through this : http://ursainfosystems.com/homesite/webinar/

1

Ray Carnes

--Ray Carnes--
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| 9 7 9
Atlanta, United States
--Ray Carnes--

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Ray Carnes
On 8/1/14, 1:54 PM

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Asked: 8/1/14, 6:51 AM
Seen: 710 times
Last updated: 3/16/15, 8:10 AM