Vat and shortage
This query is : Resolved
16 August 2012
i am working in petrol pump accountant.
my question is how can i monthly vat in tally for sales.
how can i shortage petrol in tally
replay me sir
my question is how can i monthly vat in tally for sales.
how can i shortage petrol in tally
replay me sir
Amol S Joglekar
(Expert)
16 August 2012
You need to account for the normal loss as is allowed by the Petroleum companies. The closing stock valuation shall automatically take care of the rest.
16 August 2012
thanks sir but can i shortage entry in stock journal end of the month?
and sir how can i monthly vat entry in tally?
and sir how can i monthly vat entry in tally?
Amol S Joglekar
(Expert)
17 August 2012
Where are you located? In MVAT only OIL sale is VATable
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