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How can I Manipulate Transaction in Tally

Dear Sir

Thank you for your interesting method of teaching tally. I have a problem in tally 9 accounting which I have tried too much but could not solve.

For example, the company A  sold merchandise to company B on credit and cash for Rs. 1500. The cost of goods sold is 1000. How can I manipulate this transaction in tally 9 because there are two entries in this transactions one is sale and the other is cost of goods sold.


Tanweer Ali

Dear Tanweer Ali, there is no need to record cost of goods sold in tally when you buy goods and passed purchase entry. You just pass the entry of sale. Tally will calculate automatically the cost of goods sold. After comparing, it will also tell you the gross profit.

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