INVENTORY IN TALLY

INVENTORY IN TALLY

Meaning: - 

Inventory means the stock of raw materials, finished goods in our business. In Tally, along with accounting information, we can also keep information on how much goods were received by us, at what prices and how much goods were dispatched, at what prices and such other information.

Inventory accounting with Tally: - 

Inventory accounting includes recording stock details the purchase of stock the sale of stock movement between storage locations or godowns and providing information on stock availability with tally it is possible to integrate the inventory & accounting system so that financial statement reflects the closing stock value the inventory system.