#2 Stock item valuation in Tally Prime | FIFO, LIFO, Average,Zero,Standard cost,FIFO perpetual

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Stock Valuation Methods
In tally prime you can maintain your stock and inventory via different types of stock valuation methods as per your business scenario.
There are 2 types of stock valuation methods for inventory items.
1. Valuation based on cost of product.
2. Valuation based on market price of product.
There are 8 type of Costing method in Tally prime.
Zero cost
Average Cost
FIFO
FIFO perpetual
Last purchase cost
LIFO
· LIFO annual
· LIFO perpetual
Standard cost
Monthly Average Cost

00:00 Introduction
00:51 Impact Stock valuation
01:10 Methods
2:50 Create Ledger
3:24 Stock Creation
5:16 Voucher entry
7:03 Average Cost
8:42 Check report

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