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Creating Ledgers & Stock Items under PoS (Point of Sale) in Tally.ERP 9

i.          Creating Ledger

Create sales and purchases ledgers in the books of M/s. Shop n Save Market. Go to Gateway of Tally > Accounts Info. > Ledgers > Create

 

Ledger

Under Group

Inventory Values are Affected

Purchases

Purchase Accounts

Yes

Sales

Sales Accounts

Yes

 

ii.         Creating Stock Items

Create stock items with standard price. To set standard rates for stock items, set Allow Std. Rates for Stock Items to Yes in F12: Configure — Accts/Inventory Info.

Fig-3

Go to Gateway of Tally > Inventory Info. > Stock Items > Create

1. Name: Olive Oil

2. Under: FMCG. (Press ALT+C to create stock group FMCG under primary)

3. Units: Bottle. (Press ALT+C to create a simple unit of measure Bottle)

4. Set Standard Rates?: Yes. Tally.ERP 9 displays a screen where the standard rates can be specified.

  • Applicable from: 1-4-2009.
  • Under Standard Cost, specify the rate as 125 and under Standard Selling Price specify the rate as 150.

 

The Standard Rates screen appears as shown :

Fig-4

5. Press Y or Enter to accept the standard rate settings.

 

 

The completed Stock Item creation screen displays as shown :

Fig-5
  • Press Y or Enter to accept the stock item creation screen.

NOTE :

  • To view the field Set Standard Rates, set Allow Standard Rates for Stock Items to Yes in F12: Configure.
  • In the alias column, the bar code details can be captured by simply scanning the bar code of the stock item using a bar code reader.
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15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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