tranfer stock to Investment in Tally 7.2
This query is : Resolved
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
04 September 2010
debit the investment and credit the sales account at the cost.
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