Course Content

  • 10000

Course Content

FAQs

  • Go to Tally's Gateway > Inventory Info.
  • To construct the Stock Item, choose a Stock Group or All Items from the List of Groups.
  • Type in the stock item's name.
  • Choose a group and Units.
  • Enter the initial amount as well as the fee per unit.
  • To save, press Enter.

Tally > More Reports > Statutory Reports > GST Reports > GST Rate Setup > Hit Alt+G (Go To) > type or pick GST Rate Setup > and press Enter. Note that tax rates are reflected at the company or stock group level when brackets are present.

The Inventory Info menu lists the company's inventory masters, such as Stock Groups, Stock Items, and Units of Measure, and allows you to create, modify, and display inventory master details.

Beginning inventory + net purchases – COGS = ending inventory is the basic formula for calculating ending inventory. The ending inventory of the previous period is your starting inventory.

The supply of finished items available for sale to the final consumer is referred to as stock. Inventory can refer to both finished goods and components that go into making a final product.

Recommended Courses

Share With Friend

Have a friend to whom you would want to share this course?

Download LearnVern App

App Preview Image
App QR Code Image
Code Scan or Download the app
Google Play Store
Apple App Store
598K+ Downloads
App Download Section Circle 1
4.57 Avg. Ratings
App Download Section Circle 2
15K+ Reviews
App Download Section Circle 3
  • Learn anywhere on the go
  • Get regular updates about your enrolled or new courses
  • Share content with your friends
  • Evaluate your progress through practice tests
  • No internet connection needed
  • Enroll for the webinar and join at the time of the webinar from anywhere