Sunday 12 July 2015

PHYSICAL STOCK REGISTER

by Santosh Srivastava
PHYSICAL STOCK REGISTER

Physical Stock Register is used to know the actual stock .
Shortcut key of this voucher is Alt + F10.

Example:-

XYZ Company purchased 100 kg Basmati Rice for Rs. 60 per kg. The company sold 10 kg Rice for Rs. 70 per kg.
Record this transaction.

To maintain:-

Create a company and then create stock master as follow:-


To Create Stock Group: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Group--> Create.


To Create Stock Item: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Item--> Create.


And then create ledger as follow:-

Path for ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Single).



Now do voucher entry:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F9 (Purchase Voucher).


Now see the stock summary as follow:-

Path for view stock summary:- G.O.T. (Gateway of Tally)--> Stock Summary.


Now do sales voucher entry:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F8 (Sales Voucher).


And then do physical stock voucher entry:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press Alt + F10 (Physical Stock Voucher).


Now see the stock summary:-

Path for view stock summary:- G.O.T. (Gateway of Tally)--> Stock Summary.


For more details press “Alt + F1”.

8 comments:

  1. Basheer PM18 January 2016 at 09:38

    Sir, If i am not mistaken, in the above example, we need not pass the Physical Stock Voucher, After the Sales voucher step, if you check the stock it will show as 90Kg @Rs.5400/-

    The need for physical stock voucher arises, when the owner of the shop finds that in the books the closing stock as per the above example is 90kg, however when he verifies the stocks he finds that it is only 85kgs. So inorder that both physical and book stock are same, we create a Physcial stock voucher on the inspection date and mention the stock as 85kgs. Subsequent to that date the stock would be 85kgs in tally.

    Please correct me if i am wrong

    ReplyDelete
    Replies
    1. Asok. K. Nadhani29 September 2018 at 00:06

      Very Correct.
      But the difference between Book Stock and Physical Stock should be aligned through Stock Journal Voucher (and not out of the books way of Physical Voucher). Physical Voucher may be used as convenient manipulation of stock, kept hidden from Books of Accounts.

      Delete
    2. Unknown24 November 2018 at 01:54

      Sir, Please explain how to aligned book stock and Physical stock through Stock Journal Voucher as per your response dated 29 September 2018. Some Tally images will be appreciated. Thanks

      Delete
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