Transfer stock in trade into fixed assets in tally

Hey Gita,

You might already know, that one can not use Closing Stock Ledger in a Journal Entry.

So, if the Bill of Purchase of Fixed Assets is of the Same Year, you can alter the Voucher Entry from Purchase of Goods to Fixed Asset Account.

Or if the Bill of Purchase is of a Prior Year, then you may Reduce the Closing Stock Figure in the Current Year by the amount you wish to transfer, & Create the new Fixed Asset Ledger with the Amount you desire to transfer being shown in the Opening Balance, at the Time of Creation of the New FA Ledger.

Hope this Helps

Mukul Jatwani

Very Helpful 

very helpfull

share all transcation entry in tally erp required in further. 

Dear Sir ,

How to make this entry in tally 

Good Evening Sir,

I am working in a company called X which is maintained by Mr.A(Proprietor). The X company was closed by way of slump sales on 30.09.2018 and balances were transferred to company Y, proprietor was Mr.B (Brother of Mr.A). I had transferred all ledger balances on 30.09.2018 to Y company's ledger. Now i am having the Closing Stock value on assets side and the same value on Liabilities side in Y company ledger. How to post this stock value to Ledger Y in tally and close the Balance Sheet with Zero values on 30.09.2018

Kindly post your suggestions and do the needful...

Thanks!!!