10/1/2009 , I got very interesting question from Naresh Seksaria Ji relating to Stock Valuation in Sales Return . I think , this should be shared with other tally users so they can also solve such problem by themselves . He asked question that
1) When there is a sales return, the inward stock is calculated at the selling price which is affecting the unit cost of stock. Is there any solution so that the unit price does not change?
2) Is it possible to check Profit on net sales i.e. Sales less Sales Return? If yes, how?
Answer By Me
Dear Naresh Seksaria
I have understood your both question. I try to give you its proper answer. I think it will useful for you.
If you have gone to Inventory info and create two ledger accounts
1st is Unit measurement
2nd is Stock item
In stock item, you must mention unite of measurement. Its effect will be on your purchase, sale and purchase return and sale return entries. Because after this when you feed any of above voucher entry in tally tally will ask you quantity of goods. You must fill quantity of goods in above all voucher entries.
After this tally automatically adjust sale return at cost price
I explain it with example
Suppose you have purchase
A product 100 unit at 10 per unit total purchase Rs. 1000
Pass it in tally
Now sell A product 100 unit at 20 sale price total sale Rs. 2000
Pass it in tally
Now sale return of unit 50 unit at 10 sale price total sale return Rs. 1000
Tally 9 automatically calculates the cost of sale return and closing stock at cost and gross profit. This is very simple
Tally 9’s profit and loss account show
Gross profit = sale – cost of goods sold
= 2000 – ( 1000-500 ) = Rs. 500
See Above example in following photo
On this apply just 10+1 accounting basic formula which is solve by tally 9 software
But, if you do not mention unit of measurement tally will forget
Then it show sale of return of sale price and surely affect cost of sale and gross profit
I explain it with an other example
Suppose you have purchase
A product total purchase Rs. 1000
Pass it in tally
Now sell A product total sale Rs. 2000
Pass it in tally
Now sale return total sale return Rs. 1000
Pass it in tally
Now when you see result in profit and loss account of tally it will show
No gross profit = 0
But closing stock in debit side = Sale – sale return – purchase
= 2000 – 1000 – 1000 =0
you can see this profit and loss account in following picture
What did tally do?
Tally takes simply sale return on sale price because; you did not mention units and its cost in ledger creation and in voucher entry.
So , I suggest u to follow above Ist example procedure procedure .
If you want to know , net profit on net sale , I think , ratio analysis ‘s net profit ratio give it please check it or calculate it by net profit divide by net sale into 100 .
Thanks for query, It is good question
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