Dear friends,
It happens regularly in our company that only part of material ordered is received on the day of order and in next 2-3 days rest of the material is received. Also Invoice is not received many times along with material .Presently we do entry in tally when total material is recd or when invoice is recd and that happens generally after 2-3 days .Can some entry be done in tally so that at least the part stocks recd gets reflected in tally without invoice numbers and invoice numbers can be entered afterwards? So that tally represent true stock position on any given day. I dont think this is uncommon in business and so how do people enter these transactions?
Example
Material Ordered 50 units at 1000+5% VAT on 1st dec 12
Scenario1 . 20 units recd on 2nd dec with 50 units invoice and rest 30 on 3rd dec.
Scenatio 2 . full 50 units recd on 2nd december but without invoice.. invoice recd on 4th december.
please show enteries in both scenarios
CAclubindia
