You can select the method of valuation for the inventories in the balance sheet. Tally.ERP 9 provides you with different valuation methods for different items, from which you can select the appropriate valuation method, as per your requirements. i.e., you can view different valuation methods like (FIFO, LIFO, Avg Cost, Avg Price, Std. Cost, Std. Price , etc) for the Inventories in the Balance Sheet.
The various Stock Valuation Methods available in Tally.ERP 9 are:
To view Stock valuations under each of the Stock Valuation Methods in separate columns in the same Balance Sheet, press Alt+N to display the Auto columns.
Select Stock Valuation Methods in Repeat Using field. The columnar report will display valuation based on each valuation method.
The Balance Sheet with all the valuation methods is displayed as shown:
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