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Can any one tell me the statement "Stock valuation account+ Stock Input account + Stock output account= always ZERO" True or False?

By
samba
on 10/6/14, 3:32 AM 2,141 views

While creating the product category three stock accounts are there 1. Stock Valuation account 2. Stock input account 3. Stock Output account. I have accounting information in Tally, i want to use openerp now. I can import all the balances of my accounts in tally to openerp using Journal entry by using the journal "opening". I am facing problem with stock. Added all the products and their quantities from Ware house -> physical inventory. I have not generated journal entries to this opening stock. I have directly added present stock value in tally to stock valuation account in opening balances. when i check above statement (Stock valuation account+ Stock Input account + Stock output account) is not zero. Can any one please tell me the above statement true or false?

Hi samba, am not sure.... It cannot be zero.. basically stock valuation will provide the stock present in hand... similarly input stock will be purchases, output will be sales...

deep
on 10/7/14, 2:53 AM
Thank you Deep,


Do you have any idea about other two questions?

On Tue, Oct 7, 2014 at 12:23 PM, deep <deepa4lok-yahoo-com@mail.odoo.com> wrote:

Hi samba, am not sure.... It cannot be zero.. basically stock valuation will provide the stock present in hand... similarly input stock will be purchases, output will be sales...

--
deep
Sent by OpenERP S.A. using Odoo about Forum Post Can any one tell me the statement "Stock valuation account+ Stock Input account + Stock output account= always ZERO" True or False?

samba
on 10/7/14, 3:00 AM

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Asked: 10/6/14, 3:32 AM
Seen: 2141 times
Last updated: 6/11/15, 4:36 AM