I uses tally 7.2 , i want to ask that where i work the company purchses share form broking company and IPO. At the time of maintaing accounts in tally software what tpye of accounts created in which group when if the copmany deals shares through broking house and IPO and what mode of voucher the entry of sale nad puchase of share is passed.
5 Replies
CA.Mkhandelwal
(Practice)
(156 Points)
Replied 23 February 2008
You have to enable accounts with inventory options while creating the company for mainaining position of inventory. The ledger of name of the company of which share has been purchased to be opened under Investment group with effect of inventory value. Stock item to be created. The journal voucher to be used to enter the transactions.
Ashish Ranpara
(TAX CONSULTANT)
(369 Points)
Replied 23 February 2008
You have to alter your company and give purchase and sales to affact inventory than in inventory you have to go to create group hear you have to enter the share brocker name than you have to go for create inventory item hear you have to enter shares name than give group of your created catagory than if direct purchase is done than you have to go for journal vouchaer inventory value is automatacally modified by your transaction. for doing this you have to press F11 key form main menu of your company and very first option you have to give yes then ctrl+end key than give enter key
when ipo is purchased than you have to create account of ipo and give group of investment when any shares alloted by company than you have to give journal entry and purchase shares by credting ipo a/c. and refund will directly credited to ipo a/c. by passing this entry your ipo a/c. will closed and shares alloted by company will apear in inventory item
if you have any problem on this matter than send me email at aranpara_ca @ yahoo.co.in or call me at 9925800951
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
CAclubindia
