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Classification of shares in tally

Rajalakshmi (Independant Finance Professional) (62 Points)

23 November 2009

Hello Everybody

I need help with tally.

While accounting for a firm dealing in shares and stocks, I have done the following :

1. create purchase of funds/ sale of funds account in purchase and sales group.

2. Create separate stock items under stock groups 'Scripts held for investment/ scripttts held for speculation.'

I want scripttts held for investment to be reflected as investments in Balance sheet, the gain or loss on sale to come in the P&L. However, bcos of the grouping, these are reflected in the closing stock .

How should i change this?

Appreciate any response

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one (service) (26 Points)
Replied 27 November 2009

Originally posted by :Rajalakshmi
"	Hello Everybody I need help with tally. While accounting for a firm dealing in shares and stocks, I have done the following : 1. create purchase of funds/ sale of funds account in purchase and sales group. 2. Create separate stock items under stock groups 'Scripts held for investment/ scriptttts held for speculation.' I want scriptttts held for investment to be reflected as investments in Balance sheet, the gain or loss on sale to come in the P&L. However, bcos of the grouping, these are reflected in the closing stock . How should i change this? Appreciate any response	"

I am maintaing all share account in tally 7.2.

1. Simply for inventores of shares : create individual stock items .

2. To show in investments ceate ledger for each shares.

Suppose You purchase Hindustan Zinc 10 Qty @ 10/- per share= 100/- total

At the time of entering voucher press F7 voucher type journal create Ledger Alt+C Give Legger Name Hinsutan Zinc, select inventories value effected press yes. Then After creating this pres enter enter save this and after making this new screen will shown inventory allocation create new inventory allocation ALT+C Give Name Hindustan Zinc simple save . and gives 10 nos. @ 10 = 100/- and make this entry complete.