Inventory

 Inventory as A Dealer

1.     Create company

2.     Go to gate way of tally and in account info > create ledger > (press f11 if bill by bill info required) 

3.     Go to gate way of tally again and in inventory info > create stock group (row met, finished goods)

4.     Then create unit of measure (pcs, kg, or Ltr. as per ur sum required)

5.     Then create stock items like (monitor, mouse etc.)

6.     Then go to gateway of tally and in accounting voucher create voucher as per your sum

SUMS FOR PRACTICE

TEST-1

1st April.    Purchased some goods from Raj and Sons on 3 days credit Period then after 5% interest will

                   be charged items are as followings: -

                   Samsung mobile 15 @ 25000 Rs. each

                   Nokia mobile 15 @ 12500 Rs. each

                   China mobile 15 @ 2500 Rs. each

                    And 500 Rs. carriage extra paid half amount same time and balance on credit.

5th April             Sold some of above item on 25% profit Items are as followings: -
                           5 Samsung, 5 Nokia & 5 China mobile.

12th April           2 China mobile gave as charity to Harish.

19th April           2 Nokia mobile returned to Raj and Sons.

20th April           Paid wages to Hari Shankar 15000 Rs. by Cheque.

21ST April          Loss by thief 2 Samsung mobile.

25th April           Mobile recovered by police and handover.

1st April      Started business with land and building Rs. 2, 50,000 and bank balance Rs. 25000.

3rd April     Purchased some goods from Raj Kumar (manufacturer) on 5 days credit period  then after 5% interest will be charged items

                   are as followings: -

                    1000 Mtr.           Leather                100 per/ Mtr.

                    1000 Mtr.           Threads               .50 per/ Mtr.

                    800 Mtr.              Clothes                10 Per/ Mtr.

                    250 pcs                Hooks   1 per/ pcs

10th Apr      Sold followings @ 20% profit to Karan Kapoor: -

60 MTR. leather

100 MTR. threads

120 PCS hooks

60 MTR. Clothes

 INVENTORY AS MANUFACTURER: -

1.    Create company

2.    Go to gate way of tally and in account info > create ledger > (press f11 if bill by bill info required) 

3.    Go to gate way of tally again and in inventory info > create stock group (row met, finished goods)

4.    Then create unit of measure (pcs, kg, or Ltr. as per ur sum required)

5.     Then create stock items like (monitor, mouse etc.)

6.    Then go to gateway of tally and in accounting voucher create voucher as per your sum

7.     If in sum assembling option given then go to the inventory voucher option after purchase voucher entry and transfer stock from row met to finish goods

        Like if we want to assemble 5 computers from its part then

                 Monitor                   5             15000   ……….               Computer           5             ……         total value

                  Keyboard               5             15000   ……….

                  Mouse                    5             15000   ……….

                   CPU                      5             15000   ……….

SUMS FOR PRACTICE

TEST-1

1st April              Started business with cash 15000 Rs. and bank balance 15000 Rs.

3rd April             purchased some items from Mohan Pvt. ltd. Delhi on 3. Days credit period then after 5% interest will be charged items are as followings: -

15 timer @ 1500 Rs. each

15 fuse conductor @ 150 Rs. each

15 body of bomb @ 2000 Rs. each

15 plates of gold @ 15000 Rs. each

15 plates of silver @ 2500 Rs. Each

Carriage 15000 Rs. extra paid half amount same time and balance on credit.

7th April              Assembled 7-time bomb in Faridabad and also spend followings on its assembling: -

Wages 7000 Rs.

Monogram 700 Rs.

18th April           sold 4-time bomb to Khushboo @ 40% profit in cash.

19th April           Khushboo returned one-time bomb due to some technical fault.

21st April           One-time bomb loss by fire

25th April           Bomb was insured so make insurance claim

30th April           Insurance Company admit the claim and payment made by Cheque.

 

TEST-2

1st April              Started business with land and building value 5,00,000 Rs.

2nd April            Purchase some items from Hari Shankar on 5 days credit period then after 10% interest will be charged items are as followings: -

15 Mother board @ 3,500 Rs. Each

15 Processor @ 7,900 Rs. Each

15 Ram @ 1,500 Rs. Each

15 Hard disk @ 3,350 Rs. Each

15 DVD r/w @ 1,000 Rs.  Each

Carriage 1,500 rs. Paid half amount same time and balance on credit.

5th April        Assemble 8 CPU and also spend followings on its assembling

8000 Rs wages

800 Rs misc. Exp.

15th April   Sold 5 of above CPU @ 20% profit to Shyam on 6 days credit then after 10% interest will be charged.

20th April           2 CPU loss by theft.

25th April           Above CPU was insured so make claim.

30th April           Insurance company recovered the CPU and handover to the business.