‡ Go to Gateway of Tally > F12: Configure > Accts / Inventory Info.
„ Set Allow Advanced Entries in Masters in Inventory Masters to Yes.
‡ Go to Gateway of Tally > Inventory Info. > Stock Item > Alter,
„ Select HP - 27 Printer Cartridges, you will find that the details of Costing Method and Market Valuation Method under Behaviour
„ Select Average Cost and Average price respectively
„ Accept the master information.
Go to Gateway of Tally > Stock Summary,
‡ Select Printers Stock Group
‡ Press F2: Period and change the period from 1-07-2009 to 31-07-2009.
‡ Click Auto Column (Alt + N) button and select Stock Valuation Methods.
The closing balance of stock as per Default and FIFO stock valuation methods are shown below :