While working in tally m finding problem as i am not able to reord neither opening nor closing stock. i made stock account (ledger)under stock in hand (group) but i am still unaware of the fact that y it is not in the p&l account or the balsnce sheet.
pls help as i am not yet able to do and trying it since last few days but havnt yet found the solution as gone through various options by pressing f11 and f12
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
17 March 2009
You are using little wrong method. Try the following steps 1. Go to main menu of Tally. 2. Press F-11. 3. You will get an option there 'Integrate Accounts and Inventory' 4. Give 'No' in this option. 5. Now when you go to Balance sheet and closing stock - you can put value of closing stock there for any date. Remember this will show you the lumpsum value of closing stock in balance sheet. You can not see the itemwise inventory in this case.
If you get the solution by this, then ok. otherwise give me a call when you work on tally, or u can chat also. It will be easier for me to tell you the procedure exactly for this.
CAclubindia
