Accounting treatment of internal consumption of diesel
This query is : Resolved
Rens Sebastin Lukose
(Querist)
19 October 2017
Dear Experts,
I am working in a petrol bunk, we have a depot and several petrol bunks.
we use our own trucks/tankers for the transportation of petrol/diesel from our suppliers to depot and also from depot to petrol bunks and to the whole sale customers depots. For these trucks, we use diesel from our own petrol bunks.
my question is how to treat the consumption of diesel for these trucks, I am using tally erp with accounting and inventory. i want to reduce the stock and book the expenses for the diesel consumption.
request you to help me,
thanks in advance
Rens Sebastin Lukose
I am working in a petrol bunk, we have a depot and several petrol bunks.
we use our own trucks/tankers for the transportation of petrol/diesel from our suppliers to depot and also from depot to petrol bunks and to the whole sale customers depots. For these trucks, we use diesel from our own petrol bunks.
my question is how to treat the consumption of diesel for these trucks, I am using tally erp with accounting and inventory. i want to reduce the stock and book the expenses for the diesel consumption.
request you to help me,
thanks in advance
Rens Sebastin Lukose
19 October 2017
Dr . Fuel Expenses - XXXX
Cr. Purchase A/c - XXXX
Cr. Purchase A/c - XXXX
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