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Quantity Purchase and Sales

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Santhosh

Branch Accountant

94 Points Posted on 30 May 2023

Dear Sir

My Query is tht , I purchase 1 box of medicine I'm which I hv 10 strips of 10 nos each total in the box is 100

So in the purchase bill it's is accounted as 1box

but I sell it as 1strip.. How shd I account in tally. Is this correct . Pls advise.

Replies (3)

Quick Summary

This discussion addresses a common accounting query regarding the purchase of medicine in boxes and its sale in individual strips. The advice given is to set up the stock item name carefully and account for it in the unit of strips, as this is how it's sold. This method offers better stock control. Consulting your software support is also recommended for specific Tally guidance.

Akash

owner

65 Points Posted on 30 May 2023

First decide Stock item name. It is very much important. Then account it in number of strips as you are selling in pieces. This will give u better control on stock.

Also for further enquiry you can mail us at aakash.aca @ gmail.com