tranfer stock to Investment in Tally 7.2
This query is : Resolved
PRATIK KAYAL
(Querist)
04 September 2010
dear sir /madam
there is a serious query and it needs all of yours attention.Actually we had shares held in company as stock in trade but from last ten years there had been no trading of those stocks . Now we want those shares to treat as investment as our business line had changed, but our main problem is our accounts are maintained in tally 7.2 and we could not understand how to transfer stock to Investment in Tally 7.2
there is a serious query and it needs all of yours attention.Actually we had shares held in company as stock in trade but from last ten years there had been no trading of those stocks . Now we want those shares to treat as investment as our business line had changed, but our main problem is our accounts are maintained in tally 7.2 and we could not understand how to transfer stock to Investment in Tally 7.2
Aditya Maheshwari
(Expert)
04 September 2010
debit the investment and credit the sales account at the cost.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- 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
- Issuing of delivery challan by seller of goods
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- 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
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
