Classification of Opening Stock
This query is : Resolved
12 July 2010
Hello,
I have a client who trades in shares and we do all accounts in tally 7.2
My Query is, Take an Example.
Purchased 100 shares @ 50
Purchased 125 shares @ 100
Sold 75 shares @ 100
Closing Stock: Total 150 Clsg Stk 1) 25 @ 50
2)125 @ 100
Now How should i show these Cls Stk as opg Stk in Next Year so that when i sell these shares it should reflect in FIFO Method.
b'coz next year This same cls stk will been shown as opg stk in avg method.
AS i am unable to split Clsg stk at 25 & 125, I have to show it as total stk as 150 only,
So tell me how to Split opg stk at 25 and 125 Shares.
I have a client who trades in shares and we do all accounts in tally 7.2
My Query is, Take an Example.
Purchased 100 shares @ 50
Purchased 125 shares @ 100
Sold 75 shares @ 100
Closing Stock: Total 150 Clsg Stk 1) 25 @ 50
2)125 @ 100
Now How should i show these Cls Stk as opg Stk in Next Year so that when i sell these shares it should reflect in FIFO Method.
b'coz next year This same cls stk will been shown as opg stk in avg method.
AS i am unable to split Clsg stk at 25 & 125, I have to show it as total stk as 150 only,
So tell me how to Split opg stk at 25 and 125 Shares.
13 July 2010
Well i will give an idea... Try to make the Purchase as in Two slots & in stock Item make as 1 & 2. For eg Purchased TISCO 100 SHARES. MAKE THIS AS TISCO 1 & IN SECOND LOT OF PURCHASE MAKE IT AS TISCO 2. WHEN U SELL THESE MAKE IT AGAINST 1 & 2 BY USING FIFO METHOD.
TRY THIS IN TALLY.. I HOPE U WILL SUCCEED
TRY THIS IN TALLY.. I HOPE U WILL SUCCEED
13 July 2010
Which version of Tally are you using?
If it is 6.3 or higher then you can activate Inventory Accounting and create 2 separate stock.
If it is 6.3 or higher then you can activate Inventory Accounting and create 2 separate stock.
13 July 2010
Thanks Akhil Sir and Joshi Sir , I Understod the method
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