Inventory valuation

[David Carlson]

On 4/20/2012 6:12 AM, preeti kabra wrote:
> 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
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>
Take a look at a thread on this list approximately March 28 2012 and
following called Selling Stock.  This could be applied to your situation
by extending what Derek has already suggested.

David C
-------------- next part --------------
A non-text attachment was scrubbed...
Name: 0xDC7C8BF3.asc
Type: application/pgp-keys
Size: 1729 bytes
Desc: not available
URL: <http://lists.gnucash.org/pipermail/gnucash-user/attachments/20120420/4dd83ecc/attachment.bin>