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What is a stock ledger?

Updated: 9/13/2023
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16y ago

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a book that you list your stock in

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16y ago
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Q: What is a stock ledger?
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What is stock discrepancy?

The mismatch between bin card and stock ledger is called as "stock discrepancy".


Is a stock ledger the same as a bin card?

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Does opening stock appear in the trial balance?

opening stock doesn't come in trail balance because trail balance is the balance of ledger accounts or where only two way process of dr and cr is there and we do not pass entries for consumption in journal and do not prepare any ledger account for it. That's it


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For eg stock on April 1st 1998 Rs1110 and stock at march 31st 1999 was valued at rs1275 how can you enter this entry into tally accounting software?

first create a company in tally then select Maintain: Accounts only 1.create ledger Opening stock under stock in hand opening balance Rs.1110 Accept then go to alter opening stock ledger see opening balance Rs.1110 Closing balance ? G.Selvakumaran Delta systems 9176289674 delsys05@gmailc.om


How do you convert stock item to fixed assets in tally?

You will have to do this in the ledger book. Make notations by the work so that people know what you worked on.


Does opening stock appear on trial balance?

yes opening stock appear inthe trial balacne trail balance is the blance of all the balance at the given point of time & the value of the opening stock is put in the ledger as a opening balance


What are 5 types of subsidiary ledgers?

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What is difference between Nominal Ledger general ledger?

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What is Incoming Ledger?

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