tally does not have provision of weighted average method for closing stock.
income tax says fifo/lifo/market price/ or weighted average whichever is lower.
if weighted average is lower in a case then how to adjust value of each item/group for closing stock in tally. such that opening stock for next financial year as per income tax returns and tally is the same.
awaiting feedback.
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https://gradestack.com/CA-CPT/Techniques-of-Inventory/Weighted-Average-Price/22462-4549-54750-study-wtw
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