Tally closing stock

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shruti (Querist)
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19 July 2014 how to enter closing stock in profit and loss. not maintains inventory. maintaining accounts only. my profit and loss account show gross loss . how to feed closing stock

ACS Gaurav Jain

ACS Gaurav Jain (Expert)
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19 July 2014 u can set up opening and clsoing stock in tally

Vishnu Saboo

Vishnu Saboo (Expert)
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21 July 2014 Closing stock is not part of P&L.
you consider the difference of Closing stock - Opening Stock in P&L.
if difference in positive that is gain, if it is negative it is loss.