What should be the journal entry for stock evaporation of Petrol & Diesel? I maintained Inventory in my Tally.Prime
Software. I'm confused... Pls help
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Petrol & Diesel evaporation loss journal entry
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Please elaborate in details
You have to maintain a provision for evaporation based on the past experiences and allocate the cost to finished goods. in tally,
inventory vouchers->stock journal-> select manufacturing journal-> cost tracking field to 'yes'-> under co products, scrap, select the item of finished stock to allocate the scrap.
Totally agree with Yasaswi Gomes. Create Stock journal.
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