A viewer ask me to how to manage share purchase / sales, investment in Tally.ERP9. Generally, users of Tally did not know how to manage stock market trading in Tally.ERP9. Method to maintain stock market/ investment is very simple.
Sumit Purchase 100 Shares of Reliance Industries @ Rs. 2000, Service Charges 200, Other Charges 20 from Share Trading Co.. So the entry will be as follows:
Cr. Share Trading Co. 2220
Dr. Reliance Industries Share Purchase 2000
Dr. Service Charges 200
Dr. Other Charges 20
Above entry for non inventory entry for each investment. Suppose if you purchase shares of any other company then you must create a separate ledger for separate company. E.g. if purchase shares of Mahindra Finance then create Mahindra Finance Shares Purchase under Purchase Account.