Inventory
This query is : Resolved
14 May 2011
Hi
I am working in a car spare parts showroom. I give every month different type report including PL account. We are using for separate inventory software. My question is how to enter in to tally for inventory ledger as assets in balance sheet. And what is the journal entry. I am using as accounts only.
I am working in a car spare parts showroom. I give every month different type report including PL account. We are using for separate inventory software. My question is how to enter in to tally for inventory ledger as assets in balance sheet. And what is the journal entry. I am using as accounts only.
15 May 2011
enable inventory module
in inventory , create ledgers for diff items
mention opening balance and value of ech item, ( reconcile with balance sheet assets side, stock in hand)
at the time of entry any purchase , voucher would ask u to put inventory, while at sales voucher will ask u inventory details
in inventory , create ledgers for diff items
mention opening balance and value of ech item, ( reconcile with balance sheet assets side, stock in hand)
at the time of entry any purchase , voucher would ask u to put inventory, while at sales voucher will ask u inventory details
Message likes :
1 times
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
- Section 270A penalty
- GSTR 1- Amend Credit Note
- Supply to unit situated in SEZ
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Tax liability on gift amount given to blood relation
- TDS AFTER SUBMISSION OF 15G OR H
- Gst registration rule 14A
- TDS- defaults - old period ie. F.Y. 2012-2013 etc, etc
- Reimbursement of expense- GST applicable or not
- Acting as an Agent
- GSTR 9C- Table 9
- GST Registration Application -Rejected
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
