Inventory valuation

[preeti kabra]

hi all,
      Suppose i purchased 5000 units of any material at Rs.10 and sold
2000 units at Rs.12.how do i show this transaction and profit.

On Thu, Apr 19, 2012 at 8:25 AM, Derek Atkins <warlord at mit.edu> wrote:
> preeti kabra <preetik04 at gmail.com> writes:
>
>> Hi all,
>>            Inventory valuation is possible in GNU CASH or
>> not.Inventory Valuation mean ,i purchased 10000 units from my
>> vendor.From which i sold 4000 units.Can In GNU CASH it shows remaining
>> balance for the same.
>
> Yes and no. GnuCash does not contain Inventory Management per se, but
> you can implement some simple Inventory by using Stock accounts.  If you
> do then yes, you buy 10000 "units" (shares) and then later you sell 4000
> "units" (shares); GnuCash will know you now have 6000 left.
>
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
>
> -derek
>
> --
>       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>       Member, MIT Student Information Processing Board  (SIPB)
>       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>       warlord at MIT.EDU                        PGP key available