A Stock Journal is used to transfer materials or stock from one location to another location. Stocks can also be shown as consumed. It can only be produced without consumption and production. Hence, it is not like other journals where debits and credits match.
You can specify quantities that are moved, their rates and amounts. If standard rates are entered in the Stock Item masters, they will appear. In the target location, you can specify additional costs incurred without actually affecting accounting at all. Only the stock value goes up. Hence, it is technically correct where an expense incurred on production or inward has been accounting for in the cost of that item.
To create a Stock Journal Voucher
1. Go to Gateway of Tally >Inventory Vouchers
2. Select the button F7: Stk Jrnl from the button bar or press Alt+F7
The Stock Journal Screen has three parts -
| 1. | The part at the top accepts general information. |
| 2. | The left-hand side accepts the Source Godown or Consumption Part. |
| 3. | The right-hand side accepts the Destination Godown or the Production Part. |
You must furnish the common information required in the field that appears at the top. You may elect to give information for only the left or the right part or both.
More: