Creation of Stock Items

                                   

Now the actual stock items should be created by selecting the following.

Gateway of tally -->Inventory Info --> Stock items --> Single or Multiple Groups--> Create.

            Enter the name of the item and select its groups and the unit of measurement. Enter the opening balance if any, the stock item creation screen may be configured (F12key) to enter additional details like part numbers, description, alternate units, standard rates, costing and market valuation methods. i.e. LIFO or FIFO or average cost etc.