Finance Professional
49 Points
Joined July 2015
Thanks to Subham and Ruchi for guidance.
i am buying material in meter (Purchase) 100 Meter x 100 Rs. = 10000
making charges (direct Expenses) = 1000
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Total Cost 11000
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and selling as Readymade Shirts (Sales) 50 shirts x 240 12000
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Profit 1000
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Now when checking closing stock it show Stock as (+) for material as it was used for shirts but there is no output in tally for material
stock as (-) for Shirts as there is no input of shirts (As actually material converted into readymade)
how to show this two different category so that my stock becomes nil and my direct expenses get absobed.
Thanks in advance.