Very urgent tally doubt
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2018
Dear,
I want to do accounting in tally for F & O Transaction .. How should i do so as to get the Turnover figure as this {Profit and Loss aggregate ignoring the negative sign} and also i want full stock summary
1st option is to post the margin entry only but then i wont get the stock summary but the total of debit and credit will form turnover.
2nd option is to post the full entry showing it as purchase and sell ... here i will get the complete stock summary but i wont get the turnover figure
Please help
tia
I want to do accounting in tally for F & O Transaction .. How should i do so as to get the Turnover figure as this {Profit and Loss aggregate ignoring the negative sign} and also i want full stock summary
1st option is to post the margin entry only but then i wont get the stock summary but the total of debit and credit will form turnover.
2nd option is to post the full entry showing it as purchase and sell ... here i will get the complete stock summary but i wont get the turnover figure
Please help
tia
09 January 2018
You can use the second option and pass the purchase entry in Purchase Account and sale entry in Sale Account. In this way you will have total sale and total purchases figures and difference will be the F & O income or loss as well as complete stock inventory also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- EXPORT COMMERCIAL INVOICE HSN CODE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Cash balance limit and property purchases limit
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
