Effect in tally for sales return

If there is sales return , then wht are the adjustments that we need to give in our accounts maintained in Tally.

I mean if sales were returned by the customer, then ofcourse we pass a reverse entry. but then how we adjust the stock.

Whether it will automatically add up the stock in the stock summary or we have to go the stock summary section in Tally and add up the stock

Also whether it will be added with Inwards or outwards...pls anyone solve my problem regarding Tally ...

Replies (7)
Originally posted by : ABHINANDAN JAIN

If there is sales return , then wht are the adjustments that we need to give in our accounts maintained in Tally.

I mean if sales were returned by the customer, then ofcourse we pass a reverse entry. but then how we adjust the stock.

Whether it will automatically add up the stock in the stock summary or we have to go the stock summary section in Tally and add up the stock

Also whether it will be added with Inwards or outwards...pls anyone solve my problem regarding Tally ...

there is no need to pass the adjustment entry for stock. when pass entry in credit note it will automatic update stock summary.

Dear Friend,
If sale return by customer,then you have to pass credit not in tally as invoice mode(right side corner below)First press F11 and set the option use credit not for invoice options and create sale return ledger under sale group,then pass credit note entry
 sale return a/c Dr.
    Party a/c
  The return will automatically added to stock,don't need to pass stock entry and party's a/c debited

AGREE WITH VENKAT

Agree with venkat.

I want to know whether the Inwards and Outwards which are reflecting in Stock summar will exactly tally with the amount to be shown in the P/L A/c for Purchases and sales respectively.

Problem is:

A sales return by customer (say A) say on 01-04-10 and on 30-04-11 that stock as again sold to other customer say (B).  Value of the sales return and subsequent sales was of same value i.e20000

Sales A/c was debited and for sales Sales acct was credited.

When sale return was happened, the Inwards of stock summary is automatically added and thereafter when sale is made the outward section also get inflated. But the total figure of Inwards and Outwards is being shown in Purchases and Sales in the P/L A/c is not matching.


So i want to know whether the figure showing in Stock summary will exactly matched with the figure showing in the Trial Balance or P/L A/c,......?

There should not be any difference, unless proper entries are passed with respect to the stock movement, the entries of purchase, purchase returns, sales and sales returns are properly affecting the inventory. Just scrutinize the entries and check whether the effect of purchases and sales are proper with respect to the inventories.

.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details