Saptarshi (Accountant) (33 Points)
11 December 2018tally accounting software closing stock quanitity is zero though value is displayed. How to fix this issue?
Regards
S.Mukherjee
Kolkata
Bharat Bohra
(154 Points)
Replied 11 December 2018
Saptarshi
(Accountant)
(33 Points)
Replied 11 December 2018
Thanx for the reply.
Our actual physical closing stock is NIL i.e. correct.
But I dont understand from where the value is coming?
below is the clarification : -
| Inwards | Outwards | Closing Balance | ||||
| Quantity | Value | Quantity | Value | Quantity | Value | |
| Opening Balance | ||||||
| April | ||||||
| May | 3000.00 kgs | 319950.00 | 1000.00 kgs | 137000.00 | 2000.00 kgs | 213300.00 |
| June | 1500.00 kgs | 196000.00 | 500.00 kgs | 53325.00 | ||
| July | 6000.00 kgs | 674568.00 | 2000.00 kgs | 270000.00 | 4500.00 kgs | 505926.00 |
| August | 1500.00 kgs | 202500.00 | 3000.00 kgs | 337284.00 | ||
| September | 2000.00 kgs | 286000.00 | 1000.00 kgs | 123984.00 | ||
| October | 1000.00 kgs | 143000.00 | 17334.00 | |||
Saptarshi
(Accountant)
(33 Points)
Replied 11 December 2018
Where our closing stock is showing ZERO in physical qty is correct.
And its zero quantity stock value should be zero instead of 17334.00 in the above example.
satish
(teaching)
(2046 Points)
Replied 11 December 2018
Saptarshi
(Accountant)
(33 Points)
Replied 11 December 2018
Our opening stock for this year 18-19 is NIL
satish
(teaching)
(2046 Points)
Replied 11 December 2018
Saptarshi
(Accountant)
(33 Points)
Replied 11 December 2018
Saptarshi
(Accountant)
(33 Points)
Replied 11 December 2018
The issue was in stock out "from Godown".
At the time of recording the sales if we dont consider the right godown allocation i.e OUT FROM PATNA godown instead of OUT FROM DELHI godown then our closing stock quantity will be ZERO. But the closing stock valuation will be completely an MISTAKE HAVING POSITIVE VALUE IN INR OR OTHER CURRENCY IN TALLY!!
"SOLVED"
Lakshmi
(Accountant)
(24 Points)
Replied 13 December 2018
Hai sir ,
How to find closing stock in construction building is there any formula ..? and in 10 flats 6 flats are sold remaing 4 flats are pending then how can we calculate closing stock .
Lakshmi
(Accountant)
(24 Points)
Replied 13 December 2018
Sir ,
if we taken land for development ... in that apartment 50 % of flats hand over to land lord and remaing 50 % flats are in hand of builder . total construction expenses can we show in audit ...? or not and can we consider of land lord sold flats as sale or not ...? pl clarify that ....
CAclubindia
