By using alternative units for stock item

1. Started a business with capital rs 5000000/-

2. Paid building advance on cash rs 100000
3. Bought computers for office use rs 100000
4. Purchase goods from mayura agency invoice no 1001

Item units rate

Dairy milk 50bx (1bx =20pcs) 1500/-

Five star 50 1200

Kitkat 50 1400/-

5. Purchase goods on cash invoice no 1002

Item units rate
Temptation 80 bx (1bx=25pcs) 2000
Love it “ 1800
Dairymilk lite “ 1800/-
6. Cash paid to mayura agency and allowed by him discount 10%
7. Sold goods on cash invoice no 2001
Item units rate
Dairy milk 20bx (1bx =20pcs) 1800/-
Five star 20 1600
Kitkat 20 1800/-
8. Sold goods to a1 mart invoice 2002
Item units rate
Temptation 50 bx (1bx=25pcs) 2500
Love it “ 2000
Dairymilk lite “ 2000/-
9. Cash received from a1 mart and allowed discount 10%
10. Paid salaries on cash
Manager amount sales girls amount
Rajesh 35000 pavani 10000
Kajal 10000
11. Received income rs 200000

Solution :

Create company

Goto the company features

Maintain accounts only “yes”

Inventory details “yes”

Integrated accounts and inventory “yes”

Cost center “yes”

Rest of all no

Create ledgers

Post accounting vouchers

Note: how to activate the alternative units

Process:go to the stock item creation

Press f12

Select alternative units for stock item “yes”

Rest of all no