Valuation of stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2013
i purchased some items on dec'12 for 12000/-
and my closing stock on 31.03.13 shows the value of the item 12000/- after that some direct expense of 1000/-incurred on this item
i want to show my closing stock as on 30.04.13 as 13000/-is it possible in tally, if so how will pass the entry
and my closing stock on 31.03.13 shows the value of the item 12000/- after that some direct expense of 1000/-incurred on this item
i want to show my closing stock as on 30.04.13 as 13000/-is it possible in tally, if so how will pass the entry
CMA Ramesh Krishnan
(Expert)
29 June 2013
Why you want to add to direct cost to closing stock. is it processing material?
02 August 2025
Yes, you can show your closing stock on 30.04.13 as ₹13,000 in Tally by adding the direct expense of ₹1,000 to the stock value.
---
### How to do this in Tally:
**1. Adjust Stock Value:**
* Since direct expenses (like freight, handling, or direct costs) can be added to the cost of stock, you need to **increase the stock value by ₹1,000**.
---
### Journal Entry to increase stock value:
```
Direct Expenses (Expense Ledger) Dr. ₹1,000
To Stock-in-Hand (Stock Ledger) ₹1,000
```
* This entry adds the ₹1,000 expense to your stock value.
---
### Explanation:
* Your original stock was ₹12,000 (cost of goods).
* Direct expense ₹1,000 related to stock increases its value.
* After this entry, stock value becomes ₹13,000 in Tally.
---
### Important:
* Make sure the direct expense is truly related to stock (like freight, packing, etc.).
* Avoid booking indirect or period expenses against stock.
---
If you want, I can guide you step-by-step in Tally interface!
---
### How to do this in Tally:
**1. Adjust Stock Value:**
* Since direct expenses (like freight, handling, or direct costs) can be added to the cost of stock, you need to **increase the stock value by ₹1,000**.
---
### Journal Entry to increase stock value:
```
Direct Expenses (Expense Ledger) Dr. ₹1,000
To Stock-in-Hand (Stock Ledger) ₹1,000
```
* This entry adds the ₹1,000 expense to your stock value.
---
### Explanation:
* Your original stock was ₹12,000 (cost of goods).
* Direct expense ₹1,000 related to stock increases its value.
* After this entry, stock value becomes ₹13,000 in Tally.
---
### Important:
* Make sure the direct expense is truly related to stock (like freight, packing, etc.).
* Avoid booking indirect or period expenses against stock.
---
If you want, I can guide you step-by-step in Tally interface!
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