Closing stock in tally

Page no : 2

M Venkat (CA finalist) (456 Points)
Replied 18 January 2021

Kindly Inform entries of stock with GST.

Ayushi Arora (298 Points)
Replied 15 February 2021

Closing stock is the amount left with the company before the actual closing date.

getgoing (--) (20 Points)
Replied 26 July 2023

Purchase of goods Entries

Purchase A/c ………………Dr.

CGST A/c ………………Dr.

SGST A/c ………………Dr.

To Creditors A/c

Purchase A/c ………………Dr.

IGST A/c ………………Dr.

To Creditors A/c

To create stock items

Go to Gateway of Tally > Inventory Info. > Stock Items > Create .

Set/alter GST Details - Yes to specify the details in the GST Details screen, and save.

Is GST Applicable - Applicable .

Set/alter GST Details - Yes .

Specify the details in the GST Details screen, and save.

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