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Increase in closing stock

14 April 2021 Dear Sir,
Greetings !
Our stat auditor has increased the closing stock with 50 lac at the time of finalisation of balance sheet under Change in inventory. our books of account does match with that amount. Please advise which entry should be passed into our books of accounts to make the number same.
Thanks in advance.
With best regards / Vijay

14 April 2021 If you are maintaining quantitative value in tally then you cannot change the valuation of the inventory until you choose the Integrate accounts and inventory as no.

Follow these steps:
1. Go to Gateway of Tally > F11: Features > F2: Inventory .

2. Set Integrate accounts and inventory to No .

3. Press Ctrl+A to accept.

Now you manually change the inventory value at the closure of the financial year.

14 April 2021 Thanks a lot maam. Superb !

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