222

$show=home

Welcome to Accounting Education

The Accounting University with 3400+ Accounting contents as study material which can watch, read and learn anyone, anywhere.

Start your studies

$show=home

Journal Entries $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Balance Sheet $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Solution of the problem relating to stock valuation in sale return in tally 9

10/1/2009 , I got very interesting question from Naresh Seksaria Ji relating to Stock Valuation in Sales Return . I think , this should be shared with other tally users so they can also solve such problem by themselves . He asked question that
1) When there is a sales return, the inward stock is calculated at the selling price which is affecting the unit cost of stock. Is there any solution so that the unit price does not change?

2) Is it possible to check Profit on net sales i.e. Sales less Sales Return? If yes, how?

Answer By Me

Dear Naresh Seksaria

I have understood your both question. I try to give you its proper answer. I think it will useful for you.

If you have gone to Inventory info and create two ledger accounts

1st is Unit measurement
2nd is Stock item
In stock item, you must mention unite of measurement. Its effect will be on your purchase, sale and purchase return and sale return entries. Because after this when you feed any of above voucher entry in tally tally will ask you quantity of goods. You must fill quantity of goods in above all voucher entries.

After this tally automatically adjust sale return at cost price
I explain it with example

Suppose you have purchase

A product 100 unit at 10 per unit total purchase Rs. 1000

Pass it in tally

Now sell A product 100 unit at 20 sale price total sale Rs. 2000

Pass it in tally



Now sale return of unit 50 unit at 10 sale price total sale return Rs. 1000

Tally 9 automatically calculates the cost of sale return and closing stock at cost and gross profit. This is very simple


Tally 9’s profit and loss account show

Gross profit = sale – cost of goods sold

= 2000 – ( 1000-500 ) = Rs. 500
See Above example in following photo



On this apply just 10+1 accounting basic formula which is solve by tally 9 software


But, if you do not mention unit of measurement tally will forget

Then it show sale of return of sale price and surely affect cost of sale and gross profit

I explain it with an other example


Suppose you have purchase

A product total purchase Rs. 1000

Pass it in tally

Now sell A product total sale Rs. 2000
Pass it in tally
Now sale return total sale return Rs. 1000
Pass it in tally
Now when you see result in profit and loss account of tally it will show


No gross profit = 0

But closing stock in debit side = Sale – sale return – purchase

= 2000 – 1000 – 1000 =0
you can see this profit and loss account in following picture




What did tally do?


Tally takes simply sale return on sale price because; you did not mention units and its cost in ledger creation and in voucher entry.
So , I suggest u to follow above Ist example procedure procedure .

If you want to know , net profit on net sale , I think , ratio analysis ‘s net profit ratio give it please check it or calculate it by net profit divide by net sale into 100 .

Thanks for query, It is good question

Comments

 


Name

access,2,account,86,accountant,95,Accounting,683,accounting definitions,99,accounting ebook,3,Accounting education,85,Accounting Education Ads Help,1,accounting procedure,2,accounting process outsourcing,2,Accounting Software,52,advance,3,advertising,6,africa,7,Amalgamation,6,amendments,16,Amortization,1,announcements,62,Annuity,2,assets,53,audit,47,auditing,41,Australia,2,B.Com.,22,balance sheet,87,bank,111,Bank reconciliation,12,banking,33,basic accounting,110,BBA,1,benefits,13,best,50,bill,12,black money,3,blog,12,bloggers,7,book keeping,4,bookkeeping,3,Branch Accounting - full tutorial,8,budget,35,Budget variance,13,business,65,businessman,9,CA,30,calculator,4,canada,3,capital,72,capital budgeting,27,career,21,cash,40,cash book,8,cash flow statement,11,Chiense,1,children,13,china,6,class,3,coaching,2,coins,2,college,6,commerce,10,commerce students,7,company,36,computer,9,computer accounting,1,conference,4,Contact vinod kumar,1,Control Your Spending,27,corporate accounting,69,cost,160,cost accounting,195,cost center,8,cost centre,1,CPA,2,credit,18,credit card,11,cs,10,currency,35,data,11,Debit and credit,17,debit cards,1,debt,62,debtor,21,degree,6,depletion,2,depreciation,38,Diwali Messages,12,documents,4,dollar,5,domain,3,Downloads,3,Dubai,1,e-accounting,17,earning,17,education,246,Education Loans,6,email,15,employee,4,EPF,2,ERP,7,euromoney,1,examination,7,excel,17,excise duty,6,expenses,65,facebook,7,factor of loan,1,fans,2,feature,32,fifo,5,FII,4,fiji,1,finacle,1,finance,823,Finance Journal Entries,6,Financial,134,financial accounting,147,Financial Statements,4,fire insurance,3,flickr,2,flow,4,forensic,4,forex,21,formula,8,france,1,fraud,6,free,2,fun,34,function,1,fund,48,GAAP,36,GDP,1,gdr,5,germany,1,gold,7,goodwill,4,goodwill accounting,3,google,34,google apps,3,google apps,1,google base,1,google buzz,1,google calendar,1,Google docs,38,google finance,3,google fusion tables,1,google talk,5,govt.,5,GST,33,guide,85,health,6,Hindi,2,Hindi Language,3,history,3,holding company,3,How to treat FBT in Tally 9,1,HRA,3,ICAI,11,ICAWI,3,ICICI Bank,1,IFRS,11,income,17,income statement,19,Income Tax,7,India,57,indian railway,1,Indonesia,1,inflation,4,inflation accounting,3,infographics,8,information,7,inspiration,176,insurance,14,insurance accounting,2,Intangible,3,interest,26,international,7,Internet,40,Introduction of Tally 9,1,inventory,41,investment,135,investment in Shares,6,invoice,3,IT,1,Japan,1,Job costing,4,journal entries,143,Journal Entries eBook Help,4,Kalculate,1,keyboard,3,kuwait,2,laptop,2,law,4,LBT,1,learning,36,lease,5,lecture,11,ledger,17,leducation,1,Leverage Analysis,7,liabilities,16,lifo,3,linkedin,1,loan,74,logical point,1,loss,5,loss of profit,1,M.Com.,5,m.phil,2,malaysia,3,management accounting,129,manual accounting,4,manufacturing account,1,market,11,marketing,3,mastercard,2,material,13,MBA,14,MCA,1,media,4,migration,2,mobile,9,money,61,ms word,3,ms. excel,14,multi currency in tally 9,1,Multicurrency Accounting,3,mutual fund,30,national security,1,new and sacrifice ratio,1,new york times,1,new zealand,1,news,1,NGO,5,nonprofit-accounting,6,North Georgia Mountains,1,Notification,1,NPV,17,NSE,1,odbc,2,office,10,oman,1,online application,2,online accounting,11,Online Accounting Course,5,otcei,1,pakistan,3,parents,3,Partnership,1,pay pal,3,pdf,4,Personal Finance,6,pie chart,1,pie chart of income,2,pnb,5,podcast,1,ppf,1,presentation,10,price,7,privacy policy,2,prof. vinod kumar,13,profit,24,profit and loss account,12,project management,11,provision,14,purchase,9,puzzles,2,quickbooks,2,Quote,22,quotes,42,quotes of svtuition,1,rating agency,2,ratio analysis,34,RBI,7,readers,13,real estate,13,rectification of errors,11,remote control,2,reports,10,reserves,8,responsibility accounting,4,retirement,2,revenue,3,Revenue reserves,2,review,7,risk,11,rupees,9,salary,5,sale,12,SAP,3,saudi arabia,1,saving,19,sbi,9,scholarship,2,school,1,SEBI,13,security,30,service tax,23,share,20,share trading,15,Shares,16,shri lanka,3,singapore,2,sms,6,social accounting,7,society,5,solution,219,South Africa,1,stock,24,stock exchange,22,structure,6,student,39,students,70,study,21,subsidiary company,2,svtuition,14,swiss bank,2,tally,100,tally 9,8,Tally 7.2,8,Tally 9,42,Tally.ERP 9,59,TallyPrime,1,tanzania,2,tax,94,Tax Accounting,30,TDS,15,teacher,62,teaching,112,technology,33,test,40,testimonial,15,testimonials,15,thailand,1,tips,60,trading,5,trading on equity,2,transaction,7,trend,12,trial balance,14,truthfulness,1,tuition,3,twitter,10,UAE,5,UGC - NET Commerce,13,UK,11,United Arab Emirates,1,university,9,usa,25,valuation,9,VAT,22,Video,36,Voucher and vouching,4,Wealth,8,wikipedia,25,working capital,29,youtube,14,
ltr
item
Accounting Education: Solution of the problem relating to stock valuation in sale return in tally 9
Solution of the problem relating to stock valuation in sale return in tally 9
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjugEphdxQWdaCw274BF8LanZrMCXG9HoUf6WV810YkP6AK9foUAlZF3X9RsyrzQwvMI-u9HLxGo1d22yD19oxAaWbgBEXr_V6v4d24jx4rJJCwBP7a9J9d0RLoQwixN4UDUWP9Af6JNrnq/s400/tally.bmp
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjugEphdxQWdaCw274BF8LanZrMCXG9HoUf6WV810YkP6AK9foUAlZF3X9RsyrzQwvMI-u9HLxGo1d22yD19oxAaWbgBEXr_V6v4d24jx4rJJCwBP7a9J9d0RLoQwixN4UDUWP9Af6JNrnq/s72-c/tally.bmp
Accounting Education
https://www.svtuition.org/2009/01/solution-of-problem-relating-to-stock.html
https://www.svtuition.org/
https://www.svtuition.org/
https://www.svtuition.org/2009/01/solution-of-problem-relating-to-stock.html
true
2410664366776677676
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete By Home PAGES Contents View All RELATED CONTENTS FOR YOUR LEARNING Topic ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy