Opening Balance of Shares Investment

Tintin

Hi,
I have recently started using Tally.
My query is regarding opening balances of Shares investment.

I am making entries of Share Purchases in the following format:

Shares Group created under investments
Scrip Group viz. "Reliance Ltd" created under Shares Group
Purchase Entries made as :
(a) Ledger name: "Reliance Inds 20190201 Pur 10 Qty @100.00" created under Shares
(b) Ledger name : "Reliance Inds 20190101 Pur 5 Qty @ 150.00" created under Shares
Both above ledgers clicked "yes" for inventory is affected

Now my query is:
How to make opening balance entries for multiple purchases of the same scrip before my current accounting year.

Rishit

Tintin

I have already replied to your email or the comment about this question.
Currently, there is no option to record multiple purchases for shares of same scrip in the opening balances in tally.

I am very grateful to have you posted this question here, but there is no direct or indirect option in tally to do that right now.

What you can do is pass the average entry. That can be done in the following way.
10 x 100 = 1000
5 x 150 = 750

So, total will be 1750. Now, 1750/15 = 116.67 per share.
You can enter the amount of 116.67 per share with 15 shares purchased in the opening balance of the Reliance Ledger.

There is no need to pass the entry for this.

Although, if someone else knows any other method, suggestions are always welcome and that is what this forum is for.

Tintin

Rishit
Thanks.