Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Re:entry's in tally

roopanand (no) (178 Points)

11 February 2012

for construction business

i have enteres all puchases in purchase registe by creatining stock items now it was all in the closining stock.

it must me as purchases only how to clear

urgent

thanks in advance.

Reply
Follow
Share

7 Replies

CMA Ramesh Krishnan (Cost & Management Accountant) (71489 Points)
Replied 11 February 2012

Need to pass the purchase entry through F-9 key

Upgrade to CAclubindia Pro. Subscribe Now!

roopanand (no) (178 Points)
Replied 11 February 2012

ramesh sir i have done the same in p&l it is showing in purchases aswellas it is showining in the closining stock

what i want is it shoud shaow in closining stock

CMA Ramesh Krishnan (Cost & Management Accountant) (71489 Points)
Replied 11 February 2012

Go to F-11 Accounting configuration and set " Integration accounts& inventory " option as "yes" and try

M. N. JHA (CA) (8316 Points)
Replied 11 February 2012

@ ramesh sir, pls understand the problem first and then again answerd pls

M. N. JHA (CA) (8316 Points)
Replied 11 February 2012

@ roop Now u need to pass stock manufacturing entry in stock transfer voucher. . . . .

Upgrade to CAclubindia Pro. Subscribe Now!

CMA Ramesh Krishnan (Cost & Management Accountant) (71489 Points)
Replied 11 February 2012

Author asking about Construction company details. in contruction it will not apply Manufactring process. it will be under purchases only. Author clearly mentioned it will be " purchases only.". so i concluded as it is viewing problem in p&l account. anyway its great Mr.Jha`s different view in the issue..

Regards

Ramesh Krishnan

roopanand (no) (178 Points)
Replied 12 February 2012

IN GENRAL For Purchases WE WILL NOT CREATE STOCK ITEMS IN OUR TALLY I TOUGT IT IS A LEADGER AND CREATED ALL THE STOCK ITEMS SO WHAT I WANT IS ALL PURCHASES LIKE CEMENT ,IRON SHOULD BE SHOWN IN PUCHASE ACCOUNT ONLY.THERE SHOULD NOT BE ANY CLOSINING STOCK.

IN GENRAL WE WILL NOT TRANSFER ANY STOCK MOVINING ENTRIES..

thanks for all