Gift

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Sandeep Kumar (Querist)
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21 March 2014 dear sir/madam, our company is a trading co. and deals in the shoe. we are using the tally software for the accounting and we enter the purchase in tally on average basis. now my issue is that if we gift a pair to his employee or employer. what is the process to enter this entry in tally software and what effect will be on our purchase.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 March 2014 just reduce it in quantity option in tally

Sandeep Kumar

Sandeep Kumar (Querist)
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22 March 2014 purchase would not be effect or we would be subtract the sale value from the purchase.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 March 2014 from purchase u have actually gifted so just reduce it from quantity and not value option.

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