how to get closing stock while working in tally
This query is : Resolved
vani ahuja
(Querist)
10 January 2009
Dear Sir
While working in tally m finding problem as i am not able to reord neither opening nor closing stock. i made stock account (ledger)under stock in hand (group) but i am still unaware of the fact that y it is not in the p&l account or the balsnce sheet.
pls help as i am not yet able to do and trying it since last few days but havnt yet found the solution as gone through various options by pressing f11 and f12
While working in tally m finding problem as i am not able to reord neither opening nor closing stock. i made stock account (ledger)under stock in hand (group) but i am still unaware of the fact that y it is not in the p&l account or the balsnce sheet.
pls help as i am not yet able to do and trying it since last few days but havnt yet found the solution as gone through various options by pressing f11 and f12
CA.Tarun Maheshwari
(Expert)
11 January 2009
can you tell me, whether you are trying for item wise stock value or a lumpsum amount only in stock.
Message likes :
1 times
vani ahuja
(Querist)
17 March 2009
thanks for your kind reply sir
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
vani ahuja
(Querist)
17 March 2009
thanks for your kind reply sir
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
vani ahuja
(Querist)
17 March 2009
thanks for your kind reply sir
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
i want to look for the lumpsum amount only in the opening stock as well as the closing stock. i hae prepared all the entries till date and end of marh is coming neerer bt still not able to get the opening and closing stocks.
i created stock in hand ledger under group stock in hand(current asset) but again its not showing its affect in P&l and B/sheet. i thiought i mite need to pass some journal entry for opening stock by debitinf p&l a/c and creditiong stock in hand a/c and vice vrsa for closing stock but still helpless as while crediting stock in hand the ledger lists dont show such account and rest other ledgers are in the list else than this.
CA.Tarun Maheshwari
(Expert)
17 March 2009
You are using little wrong method. Try the following steps
1. Go to main menu of Tally.
2. Press F-11.
3. You will get an option there 'Integrate Accounts and Inventory'
4. Give 'No' in this option.
5. Now when you go to Balance sheet and closing stock - you can put value of closing stock there for any date.
Remember this will show you the lumpsum value of closing stock in balance sheet. You can not see the itemwise inventory in this case.
If you get the solution by this, then ok. otherwise give me a call when you work on tally, or u can chat also. It will be easier for me to tell you the procedure exactly for this.
My email id is tarun2507@gmail.com
1. Go to main menu of Tally.
2. Press F-11.
3. You will get an option there 'Integrate Accounts and Inventory'
4. Give 'No' in this option.
5. Now when you go to Balance sheet and closing stock - you can put value of closing stock there for any date.
Remember this will show you the lumpsum value of closing stock in balance sheet. You can not see the itemwise inventory in this case.
If you get the solution by this, then ok. otherwise give me a call when you work on tally, or u can chat also. It will be easier for me to tell you the procedure exactly for this.
My email id is tarun2507@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
