Valuation of closing stock

pratik upadhyay (AUDIT COMPLIANCE OFFICER) (469 Points)

30 November 2013

Dear ALL,

Please tell from where does Tally9.ERP takes Standard price for valaution Of Closing Stock.

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3 Replies

Ramkrishna Mokashi (Chartered Accountant) (734 Points)
Replied 30 November 2013

There is a field in Material Master.

NOUFAL (ACCOUNTANT) (762 Points)
Replied 02 December 2013

For Setting the Stock Valuation method.

1- Press F12, select "Accts/Inventory Info, set inventory side "Allow ADVANCED entries in masters" to yes.

2- You can alter or create stock item and set the Behaviour side "Costing method" as you wish.

NOUFAL (ACCOUNTANT) (762 Points)
Replied 02 December 2013

For the getting of current picture in tally

1- Go Stock Summery. press Alt + C (new column) and set method of valuation as you wish

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