BINOD KUMAR SHAW (Accounts Assistant) (54 Points)
25 April 2008hallo friends,
pls help me, how can i change the valuation of inventories from Average to FIFO basis in tally 7.2
my e-mail address is binodk_shaw @ yahoo.co.in
thanking you
Latish Alwani
(ARTICLE)
(1 Points)
Replied 25 April 2008
Step 1 : Open Profit & Loss A/c
Step 2 : Press F7
Step 3 : One Window will appear showing all the valuation methods
Step 4 : Select any one which you want
Now the closing stock will be valued according to the selected valuation method
And if you want the break up of stock items as per the selected valuation method then just go into the closing stock
Please let me know, if you have any problem relating above
BINOD KUMAR SHAW
(Accounts Assistant)
(54 Points)
Replied 25 April 2008
thanks sir for help
is thereany provisions in tally 7.2 to change the valuation of single item of stock from default to fifo?
thanking you
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 25 April 2008
Yup, u can do it,
Just open the ledger alteration window, press F12, in the Inventory Masters Field, Mark 'YES' for "Allow Advance Entries in the Masters".
Now Press Ctrl+A,
In the Inventory Alteration Form, in Behaviour Field , Change the Market Valuation Method, as you want...
**DM
CAclubindia
