Tally erp 9

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 January 2012 HELLOW EXPERT

JUST I WANT TO KNOW HOW TO MAKE ENTRY OF SHARE TRADING IN FIFO STYLE IN TALLY & GENERATE AUTOMATIC REPORT IN FIFO STYLE

Praveen Maheshwari

Praveen Maheshwari (Expert)
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26 January 2012 Maintain share script as an inventory item.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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12 May 2012 For valuing shares on FIFO, You will have to change the method of stock valuation for each and every stock item.

First of all on the Gateway of Tally press F12: Configuration.

Select Accts/Inventory Info.

Under Inventory Masters mark "Allow ADVANCED entries in masters" as Yes.

Then go to Alter Stock Item. You will see a new column "Behaviour". Under Costing Method choose FIFO.

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