Join the course at ₹7,699.- Follow the link a student will learn almost anything.Īside from step by steps, chapter explanations, understanding coding languages, followed by quiz, real projects and examples with source codes of reals projects, This Course teaches Tally TDL basic to Inter mediate level. The Closing stock will also be reflected in the balance sheet on the given date. Go to the profit and loss account and you will find opening and closing stock there. Type the date and enter the value of stock there and save the screen and all Done. Here you may select the date on which you wanted to put stock say as on 30th June or 30th September or any other Now you will be prompted to enter closing stock Now alter that ledger account and press enter you will see opening stock and date just put the amount of opening stock if you don’t have any opening stock as on date then just press ENTER my previous article about how to create a new ledger in tally will help you in this regard. Go to ledger creation account screen from the main menu of tally and create a new ledger namely finished Goods under the group stock in hand. Here is a detailed guide for entering stock in the Tally.ERP 9. you just need to put the value of the opening stock and closing stock on a given date.
How to enter the opening in closing stock in Tally ? It is a very simple process in the Tally.ERP 9. Closing stock - Cost price 340,000 and market price 345,000 2.Goods withdrawn for personal use of 1,200 3.Uninsured Goods destroyed by fire 312,000 4.Write off Bad debts 450 5.Outstanding expenses : Salary and wages 800, Rent 31,200 6.Depreciate building by 7.5% p.a.Valuation of stock and accounting of stock in the books of accounts is very important and if you want to prepare a balance sheet, then without accounting opening/closing stock you can’t prepare a balance sheet. Maroti considering following adjustments.Trial Balance is given below: Trial Balance for the year ended 31st March, 2015 Debit Balances Amt Credit Balances Amt To Opening Stock 35,000 By Sales 3,30,000 To Salary & Wages 4,200 Discount 4,000 To Cash in hand 10,000 Creditors 20,000 To Purchases 2,25,200 Bank Overdraft 10,000 To Sundry expenses 13,600 Interest on Investment 8,000 To Wages 12,000 Capital 1,00,000 To Bills Receivable 6,000 To Travelling expenses 2,000 To Bad debts 3.000 To Factory expenses 8,000 To Commission 4.000 To Investment 20,000 To Debtors 40,000 To Tools To Furniture 12,000 To Goodwill 21,000 4,72,000 To Building 50.000 4,72,000 Adjustments: 1. Transcribed image text: on 7.Prepare Trading and Profit and Loss Account for the year ended 31" March, 2015 and Balance Sheet that date in the books of Mr.
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