closing stock valuation
Rakesh Kalyani (124 Points)
06 April 2019
best method to follow in tally is to do closing stock valuation manually or automatically?
3 Replies
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 14 April 2019
you can use FIFO or Weighted average method.
SANGEETH THOMAS
(CHIEF ACCOUNTANT)
(36 Points)
Replied 16 April 2019
If you have knowledge about Production Accounting (Process Accounting) in Tally(In case of Manufacturing Industry), then its better to go away with Tally Automatic Stock Valuation. Other wise, Manual Stock Valuation under FIFO or Weighted Average Costing Method is preferrable.
In case of Trading Industry, u can follow automatic stock record in tally, since its not very difficult to maintain.
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