I want to know how to create closing stock a/c in tally.
I tried creating closing stock ledger under the group stock-in-hand and entered the opening stock value and entered the closing stock value, but closing stock did not appear either in p& l a/c or in the b/s .
**1.Just Create Stock Account in Stock in hand Account.
**2 Put Value of opening stock at the time of creating the account or later by alter the account.
**3 Then in ledger alteration (Stock A/c) in fron of closing stock first fill date like if u want the closing balance of 31st march then put value of Closing stock on 31st march . ( You can put the value of closing stock on monthly basis also by filling the monthly dated in closing balance field.
then it will show the figure in the opeing stock and closing stock also.